What happened
US stock futures fell on the final trading day of October. Traders reacted to earnings from Amazon and Intel, sparking a broader tech sector pullback. Nvidia remains in focus as a key AI bellwether, with RDDT, Rivian, and Sprouts also drawing attention. Investors are weighing higher crude prices and ongoing concerns about Big Tech spending. The mood is cautious as markets digest results and how they may affect cloud and hardware budgets.
Why it matters
Tech earnings steer a large share of market moves. Nvidia’s path often reflects appetite for AI-related demand. If Amazon and Intel signal softer cloud or hardware spending, it could ripple through chipmakers and suppliers. Higher oil costs add pressure on company profits and consumer budgets. A mix of earnings signals, month-end flows, and energy prices can keep volatility elevated into year-end.