Traders work on the floor of the New York Stock Exchange during morning trading on October 14, 2026 in New York City. Miguel M. Santiago | Getty Images Futures linked to the Nasdaq-100 fell Thursday night after shares of Amazon and Intel fell following the companies’ latest quarterly results. Nasdaq-100 futures lost 1.7%, while futures linked to the S&P 500 fell 0.7%. Dow futures fell 13 points. In Asia, Japan’s Nikkei 225 fell 2.61% while the Topix fell 1.33%. The Kospi fell more than 5%, while the small-cap Kosdaq fell 3.72%. The Australian benchmark S&P/ASX 200 index rose 0.65%. Hong Kong’s Hang Seng Index rose 0.55%, while mainland China’s CSI 300 fell 1.21%. Amazon shares lost 6% in extended trading after the company reported third-quarter earnings and revenue that missed Wall Street expectations. The company also posted negative free cash flow of $42.4 billion and maintained its 2026 capital expenditure guidance of $220 billion. Intel fell 21% after issuing a weak outlook for the current quarter, pointing to a slowdown in PCs. Revenue in the company’s client computing and physical AI group decreased 5% from the prior-year quarter to $8.1 billion. Sandisk also fell in extended operations, down 3%, even as fiscal first-quarter results beat estimates. The data storage company announced an eight-for-one forward stock split. The declines come as investors scrutinize AI trading. In regular trading Thursday, Alphabet shares lost 12% after the company failed to report third-quarter earnings and revenue and posted negative free cash flow of $9.07 billion. The decline of Google’s parent company dragged the Nasdaq Composite to a loss of 1.4% in the regular session, while the S&P 500 fell 0.3%. Friday marks the last trading day of October. It has been a difficult month for the AI sector, with investors paying close attention to companies’ spending on its development. Hyperscalers Alphabet and Microsoft have not raised their capital spending forecasts. At the same time, neoclouds – the cloud computing companies behind the infrastructure needed for AI data centers – are facing scrutiny from investors over their debt levels. CoreWeave, which has seen its bond yields rise, is the perfect example of that concern; The shares have plummeted 30% in October. Nebius is headed for a 27% drop on the month. The Roundhill Memory ETF (DRAM), which includes AI Micron and Seagate Technology memory plays, was down 14% in October, while the iShares AI Innovation and Tech Active ETF (BAI) was down 10%. As traders prepare to wrap up the month, the Nasdaq Composite is headed for a 2.5% drop. The S&P 500 is on track to advance 0.9%, while the Dow is on track to gain 2.8%.
