Tech Earnings Drive Losses on Wall Street Pre-Bell; Asia Off, Europe Mixed

07:14 AM EDT, 10/30/2026 (MT Newswires) -- Wall Street futures pointed lower pre-bell Friday as traders punished less-than-expected earnings and guidance reports released overnight by tech giants Amazon.com (AMZN) and Intel (INTC). In the futures, the S&P 500 fell 1.1%, the Nasdaq declined 2.4%, but the Dow Jones was steady. Amazon.com, down 6.1% pre-bell, reported heavy capital outlays and slowing e-commerce gains late Thursday, while chipmaker Intel, off 25.7% pre-bell, warned of supply-chain snags, heavy spending, and released tempered Q4 guidance. The VanEck Semiconductor exchange-traded fund (SMH), a proxy for the sector, traded down 4.6% pre-bell. In energy markets, West Texas Intermediate crude oil traded up 2.1% at $104.14 a barrel, but yields on 10-year US Treasuries slipped modestly to 4.92% in morning action. On the earnings front, Exxon Mobil (XOM) reported pre-bell Q3 adjusted earnings and revenue above outlooks and shares rose 1.5% before the market open. Asian exchanges traded mostly lower overnight, with pressure on semiconductor- and AI-related shares, while European bourses were mixed at midday on the continent. On the economic calendar is the Q3 employment cost index at 8:30 am ET, followed by the Chicago PMI for October, at 9:45 am. The weekly Baker Hughes oil-and-gas rig count logs at 1 pm. Federal Reserve San Francisco President Mary Daly and St. Louis President Alberto Musalem are slated to speak on Friday. In pre-market action, bitcoin traded at $77,325, and spot gold commanded $3,981 an ounce.