M Alfathan Rahman
M Alfathan Rahman
Markets digest Amazon's and Intel's results, while Exxon Mobil, AbbVie and US labor cost data follow tonight.
The S&P 500 fell 0.30% to 7,720.39 and the Nasdaq Composite fell 1.38% to 26,184.72 on Thursday, according to Yahoo Finance. Alphabet shares fell 12.64% to $283.82 in their first session after Q3 results.
After the close, Amazon and Intel reported. Amazon shares fell 7.30% and Intel fell 23.00% in after-hours trading, according to Yahoo Finance.
Tonight the market tests whether tech stays under pressure as Exxon Mobil and AbbVie report before the open.
| Stock | Movement | What to Watch |
|---|---|---|
| AMZN | Down 4.25% to $243.79 on Thursday, down 7.30% after hours | The first regular session after Q3 net sales of $201.9 billion |
| INTC | Down 3.62% to $92.07 on Thursday, down 23.00% after hours | The first regular session after Q4 revenue guidance of $15.0 billion to $16.0 billion |
| XOM | Up 0.70% to $183.29 on Thursday; reports before the open | Q3 results, with materials at about 5:30 a.m. CT and the call at 8:30 a.m. CT |
| ABBV | Up 1.68% to $290.79 on Thursday; reports before the open | Q3 results, with the call at 8 a.m. CT |
Source: Thursday closing prices from Nasdaq and after-hours moves from Yahoo Finance; Amazon and Intel figures from their results releases filed with the SEC; timing from the Exxon Mobil and AbbVie investor sites.
The BLS releases the Employment Cost Index (ECI) for September 2026 at 8:30 a.m. ET, according to the BLS. The quarterly report tracks changes in what employers pay for wages and benefits.
It follows third-quarter GDP growth at an annual rate of 3.4%, according to the BEA's advance estimate. At the October 28 meeting, two Fed members voted for a rate increase, according to the Fed's statement.
Amazon (AMZN) reported Q3 net sales up 12% to $201.9 billion and earnings of $1.89 per diluted share, according to its results release. AWS segment sales rose 39% to $46.0 billion, while trailing twelve-month free cash flow decreased to an outflow of $42.4 billion.
Intel (INTC) posted Q3 revenue of $16.5 billion, up 21%, and guided Q4 revenue to $15.0 billion to $16.0 billion, according to its results release. Intel tied the guidance to a slowdown in PCs, according to CNBC.
Exxon Mobil (XOM) posts its Q3 materials at about 5:30 a.m. CT, with its call at 8:30 a.m. CT, according to Exxon Mobil. AbbVie (ABBV) reports before the market opens, with its call at 8 a.m. CT, according to AbbVie.
As of 12:38 a.m. ET, Nasdaq 100 futures were down 1.87%, S&P 500 futures were down 0.90% and Dow futures were down 0.23%, according to Yahoo Finance.
Outside the watchlist, Microsoft plans to raise $25 billion in debt to fund its AI buildout, according to CNBC.
WTI crude rose 1.14% to $103.16 a barrel and gold futures fell 0.72% to $4,002.50 an ounce as of 12:38 a.m. ET, according to Yahoo Finance. US Treasuries extended their rally amid the tech stock selloff, according to Bloomberg.
Tonight the market weighs its reaction to Amazon's and Intel's reports, the ECI data, and Exxon Mobil's and AbbVie's results before the open.
Next week, Apple reports on Monday, November 2, according to Apple. US daylight saving time ends on Sunday, November 1, according to NIST, so the 9:30 a.m. ET open comes an hour later in time zones that keep their clocks.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
What stocks are you watching tonight?
Disclaimer
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
Welcome Reward up to $1,888
Create an account and trade US stocks on Gotrade
*Terms & conditions apply
