01·The Lead
Amazon and Intel fall after hours.
- Amazon’s sales: rose 12% to $201.9bn in the quarter.
- AWS, its cloud unit: grew 39% to $46.0bn.
- Amazon’s spending: it kept its 2026 capital spending plan at about $220bn, TradingKey reported.
- Amazon’s shares: down 7.3% after hours, StockTitan reported.
- Intel’s forecast: fourth-quarter revenue of $15–16bn, below the $16.5bn it just reported.
- Intel’s shares: down 23% after hours.
- Microsoft: gave up an early gain from its Wednesday results and closed slightly lower.
02·Market Reactions
Tech sinks, Europe climbs.
- Wall Street: the S&P 500 ended a three-day winning streak, StockTitan reported.
- Asia this morning: by 07:20 GST South Korea’s Kospi was down 5.4% and Japan’s Nikkei 2.5%, Yahoo Finance data show.
Thursday 29 October closes; Brent is the January contract.
17.20
VIX
+1.72%
+1.01%
Russell 2000
Thursday
5.33%
US 30-Yr
−3.2bp
$52.19
Silver
−2.37%
Equities
| S&P 500 | −0.30% | |
| Nasdaq Composite | −1.38% | |
| Stoxx 600 | +0.77% | |
| FTSE 100 | +0.26% | |
| DAX | +1.31% | |
| Nikkei 225 | +1.10% |
Commodities
| Brent (Jan) | $110.80 | −0.75% |
| WTI (Dec) | $102.00 | −0.76% |
| Gold | $4,031.40 | −0.50% |
Rates
| US 10-Yr | 4.99% | −5.6bp |
FX
| EUR/USD | 1.1203 | +0.47% |
Digital Assets
| Bitcoin | $77,162 | −3.27% |
03·Chart of the Day
One bad day, not a broad one.
US tech · share prices · close Thu 29 Oct
Six big tech stocks, one session.
Change in Thursday’s regular session, %.
Meta+1.96%
Apple+1.48%
Microsoft−0.16%
Intel−3.62%
Amazon−4.25%
Alphabet−12.64%
Source: Yahoo Finance closing prices, Thursday 29 Oct (class A shares for Alphabet); market breadth per The Wall Street Republic.
04·What Else Matters
Two central banks hold, one chief leaves.
ECB
Rates held; Lagarde to leave early
- The decision: the deposit rate stays at 2.5% after two rises this year; eurozone inflation was 3.8% in September, Euronews reported.
- A hike was debated: Christine Lagarde said the possibility of a rate hike was discussed this week, The Irish Times reported.
- Her exit: she will step down on 7 February 2027, about nine months before her term ends.
Euronews; The Irish Times · 29 Oct
US data
Faster growth, firmer prices
- Growth: the economy grew at a 3.4% annual rate in the third quarter, the first estimate shows.
- Inflation: the Fed’s preferred price gauge, PCE, rose 3.6% in the year to September; 3.1% excluding food and energy.
TradingKey; StockTitan · 29 Oct
Japan
Bank of Japan holds
- This morning: the Bank of Japan left its rate at 1.25% and raised its 2027 inflation outlook, Nikkei Asia reported.
FXStreet; Nikkei Asia · 30 Oct
Crypto
A crypto exchange is breached
- Binance: it put the estimated impact of a security breach at about $6.3bn; about $3bn has been frozen and withdrawals are paused.
ABC News (Reuters); ANI · 30 Oct
05·MENA Focus
Mines claimed, banks sold.
- Hormuz: Iran’s Revolutionary Guards said three tankers hit mines on the southern route the US encourages ships to use, and Iran’s navy said four; none has been named or verified.
- A fire at sea: the UK’s maritime agency, UKMTO, separately reported a vessel on fire about nine nautical miles north of Khasab, Oman.
- Gulf banks: First Abu Dhabi Bank fell 4.2% despite a 6% rise in quarterly profit, Reuters reported.
- Saudi Arabia: Saudi National Bank lost 1.9%, though the main index still rose over the week, ending eight straight weekly losses.
- Iran and Qatar: Iran’s reply to the Qatari draft is expected by the end of the week, most likely Saturday, an official told CBS News.
- Washington: Central Command’s chief briefed Trump on military options for Iran, the Wall Street Journal reported on Thursday; oil rose in Asian trade.
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