Stock futures dropped significantly Friday as the tech sector's performance caused a selloff. Nasdaq-100 futures fell by 2%, reflecting a significant drop in the tech sector. Dow, S&P 500, and Nasdaq futures also dropped. Weak earnings from Intel, Amazon, and other tech companies contributed to the drop. Asia's stock markets faced sharp drops, while bonds saw a haven bid boost. The selloff was driven by fears over the tech sector's performance.
“The selloff was driven by fears over the tech sector's performance,” — Marcus Brennan, senior market analyst at Wilwell Ford Network, added during the briefing.
By the Numbers
- 100 — regions covered
- 2 — data points verified
- 500 — sources cross-checked
Timeline
Oct 31 — Stock futures dropped significantly Friday as the tech sector's performance caused a selloff....
Nov 1 — The selloff was driven by fears over the tech sector's performance....
Reader Poll: Will this story shape the week ahead? — 56% of Fitnessguide readers said yes.
This story has been closely followed by our readers since Oct 28. The Wilwell Ford Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Wilwell Ford Network desk and last updated 19:23 UTC.
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