Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 14, 2026 in New York City. Michael M. Santiago | Getty ImagesFutures tied to the Nasdaq-100 dropped Thursday evening after Amazon and Intel shares slid following the companies' latest quarterly results.Nasdaq-100 futures lost 1.3%, while futures tied to the S&P 500 slid 0.6%. Dow futures bucked the trend and added just 17 points.Amazon shares lost 5% in extended trading after the company reported earnings and revenue for the third quarter that fell short of Wall Street's expectations. The company also posted negative free cash flow of $42.4 billion and maintained its 2026 capital expenditures forecast for $220 billion.Intel slid 20% after issuing a weak outlook for the current quarter, pointing to a slowdown in PCs. Revenue in the company's client computing and physical artificial intelligence group declined 5% from the year-ago quarter to $8.1 billion.The decline for the two hyperscalers comes as investors scrutinize the AI trade.In regular trading Thursday, Alphabet shares lost 12% after the company missed on earnings and revenue in the third quarter and posted negative free cash flow of $9.07 billion. The Google-parent's slide dragged the Nasdaq Composite to a 1.4% loss in the regular session, while the S&P 500 fell 0.3%.Friday marks the final trading day in October. The month has been rocky for the AI trade, with investors paying close attention to companies' spending around the build-out. Hyperscalers Alphabet and Microsoft haven't lifted their capital expenditures forecasts.At the same time, neoclouds — the cloud-computing companies that are behind the infrastructure needed for AI datacenters — are facing investor scrutiny over their debt levels. CoreWeave, which has seen a surge in its bond yields, is the poster child of that worry; shares have cratered 30% in October. Nebius is heading for a 27% decline on the month.The Roundhill Memory ETF (DRAM), which includes AI memory plays Micron and Seagate Technology, is off 14% in October, while the iShares A.I. Innovation and Tech Active ETF (BAI) is down 10%.As traders prepare to wrap up the month, the Nasdaq Composite is heading for a 2.5% fall. The S&P 500 is on track for a 0.9% advance, while the Dow is on pace to rise 2.8%.Alphabet formed 'death cross' during Thursday slump Alphabet, the parent of Google and YouTube that plunged nearly 13% Thursday, formed a "death cross" when the stock's 50-day moving average (roughly $340.26) crossed below its 200-day moving average (about $340.93).Alphabet last marked a "death cross" in July 2025. Stock Chart IconStock chart iconAlphabet Class A shares in the past year— Scott Schnipper, Nick WellsNasdaq-100 futures fall as Amazon, Intel shares sell off after earningsNasdaq-100 futures fell shortly after 6 p.m. in New York. Nasdaq-100 futures lost 1.5%, while futures tied to the S&P 500 slid 0.6%. Dow futures added just 17 points.— Deena Zaidi