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Nasdaq futures fall 2% in Asia as Amazon, Intel earnings disappoint
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Nasdaq futures extended losses in Asian trading on October 30, falling 2%, after Amazon and Intel dropped 7.7% and 23% respectively in overnight trading. The two companies' recently released earnings reports failed to impress investors. Other US tech stocks followed lower in after-hours and overnight trading, with Nvidia down 2.5%, Micron Technology down 4.4%, and Oracle down 4%.
Source report
October 30 — Nasdaq futures extended their losses to 2% during the Asian trading session, as Intel (INTC.O) and Amazon (AMZN.O) fell 7.7% and 23% respectively in after-hours trading, with their earnings reports failing to impress investors.
US tech stocks followed the decline in after-hours and overnight trading:
- Nvidia (NVDA.O): down 2.5%
- Micron Technology (MU.O): down 4.4%
- Oracle (ORCL.N): down 4%
Source
domesticNeutral / independent
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