IXIC: Nasdaq Futures Slide in Post-Earnings Selloff as AI Spending Fears Hit Global Tech

Amazon and Intel deepen the earnings selloff, Asian stocks tumble and a Binance security breach sends Bitcoin below $77,000.

📉 Tech earnings put futures under pressure

• Nasdaq 100 futures dropped as much as 2% overnight, while S&P 500 contracts fell 0.8% and Dow futures held roughly flat.
• The divergence follows Thursday’s session, when the Nasdaq lost 1.4% but the small-cap Russell 2000 gained 1%. Investors are finding opportunities beyond the technology heavyweights.
• Amazon fell roughly 7% after hours despite accelerating cloud growth. AWS revenue climbed 39% to $46 billion, but trailing 12-month free cash flow sank to negative $42.4 billion. Holiday-quarter sales guidance also had a midpoint below expectations.
• Intel plunged nearly 23% in extended trading, with its fourth-quarter outlook overshadowing stronger quarterly earnings. The chipmaker forecast revenue of $15 billion–$16 billion, down from $16.5 billion in the third quarter.
• All that battering followed Alphabet’s 12.6% Thursday slide, a $500 billion washout, adding another difficult earnings verdict to an already bruised technology sector.

🌏 Asia slides while bonds attract buyers

• South Korea’s Kospi fell around 5%, while Japan’s Nikkei dropped roughly 3%. The technology retreat spread across Asian markets following the US earnings disappointments.
• Japan’s central bank held rates steady, but plans to accelerate sales of its exchange-traded fund holdings added pressure to Nikkei futures.
• Government bonds found buyers during the equity selloff. The US 10-year Treasury yield fell toward 4.91%, while the two-year dropped toward 4.57%; yields fall when bond prices rise.
• Haven currencies also strengthened, with the yen trading around ¥157.20 per dollar and the Swiss franc gaining ground.
• Thursday’s US data left inflation firmly on the watchlist. GDP expanded at a 3.4% annualized pace, while September PCE inflation reached 3.6% annually and the core measure hit 3.1%. The Fed held rates this week, but persistent price pressure keeps another increase in play.

🛢️ Oil stays high, crypto faces a breach

• Oil remained expensive while gold slipped below $4,000. Early-Friday prices put Brent near $117.80 and WTI around $104.86, with supply concerns supporting energy markets.
• Gold fell about 0.6% to $3,997, showing that a nervous stock market doesn’t automatically translate into gains for bullion when inflation and rate risks persist.
• Bitcoin touched a six-week low of $76,500 following a security breach on Binance. An estimated $6.3 billion have been stolen, with about $3 billion frozen and Binance pledging to cover hacking losses.
• Ether fell toward $2,239, while Coinbase and Strategy also declined in extended trading. The recovery effort remains a developing story.
• Friday brings another set of catalysts before October closes. Eurozone GDP and German inflation will inform Europe’s outlook. Exxon and Chevron earnings shift attention toward energy profits, with month-end portfolio adjustments another potential influence on trading.