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Amazon, Intel Earnings Drag Down US Equity Futures Pre-Bell

Amazon, Intel Earnings Drag Down US Equity Futures Pre-Bell

MT newswireMT newswire2026/10/30 12:08
08:08 AM EDT, 10/30/2026 (MT Newswires) -- US equity futures were mostly lower pre-bell Friday as traders assessed lower-than-expected financial results from technology heavyweights Amazon (AMZN) and Intel (INTC). Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were down 1%, and Nasdaq futures were 2.5% lower. Amazon shares were down 6.9% after the company reported a drop in Q3 earnings and a free cash outflow following investments in artificial intelligence infrastructure. Intel stock shares were down more than 25% after the chipmaker's Q3 revenue fell short of analyst estimates, while the company offered a downbeat Q4 outlook. Traders also continued to digest the latest round of corporate earnings, with Exxon Mobil (XOM) posting Q3 adjusted earnings and revenue that surpassed analyst estimates. Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.7% at $113.82 per barrel and US West Texas Intermediate crude 2.4% higher at $104.47 per barrel. The Q3 employment cost index, due for release at 8:30 am ET, is expected to decrease to 0.8% from 0.9% previously, according to estimates compiled by Bloomberg. The Chicago purchasing managers index for October, due at 9:45 am ET, is seen coming in at 56.0, down from its prior value of 58.8. Federal Reserve San Francisco President Mary Daly and St. Louis President Alberto Musalem are slated to speak on Friday.
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