Tough October for Wall Street: Nasdaq down 5.2% after weak Amazon and Alphabet earnings
FROM THE WIRE · FINANCE.YAHOO.COM
U.S. stocks closed October with sharp losses as disappointing earnings from Amazon AMZN and Alphabet GOOG, GOOGL reignited concerns over the mounting costs of Big Tech's artificial intelligence (AI) investments and the potential returns on such massive spending (read: Top ETF…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Nasdaq decline tied to doubts over Big Tech AI spending is relevant for US equity markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Nasdaq Composite lost 5.2% for the month, its worst monthly performance since March 2025.
- 02The S&P 500 lost 1.2% while the Dow advanced 1.5%.
- 03Disappointing Amazon and Alphabet earnings reignited concerns over AI spending costs.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amazon.com, Inc.251.47 USD-0.65%today +4.63%Negative Alphabet Inc.282.98 USD-0.08%today +1.12%Negative NASDAQ Composite25,613.300.00%today +0.69%Negative S&P 5007,623.90-0.01%today +0.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets