U.S. stocks open: Intel plunges 25.7%

TechFlow news on October 30: According to Bitget market data, U.S. stocks opened with the Dow down 0.2%, the S&P 500 down 1.1%, and the Nasdaq sharply lower by 2.2%. The sell-off in tech stocks continued, with Intel (INTC.O) plunging 25.7% as the PC winter crushed recovery expectations and pressured free cash flow. Amazon (AMZN.O) fell 5.3% after its Q4 outlook missed expectations. Nvidia (NVDA.O) fell 2.5%. Neocloud companies followed lower, with Nebius (NBIS.O) down 7.3%. Gold and silver stocks fell sharply, while some oil stocks advanced, with Exxon Mobil (XOM.N) rising 1.5%.

Source: TechFlow