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Nasdaq Hits a Three-Month Low as Intel's 29% Plunge Deepens the AI Spending Reckoning
Wall Street closed October 2026 with a rout. On Friday, October 30, the Nasdaq Composite fell 2.86% to 25,437.00, its lowest finish since July 31, while the S&P 500 dropped 1.82% to 7,580.07 and the Dow Jones Industrial Average fell 1.09% to 51,770.31. The Nasdaq-100 fell harder still, down 3.46% to 28,384.85, and the Philadelphia Semiconductor Index plunged 7.20%. It was the market's worst...
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