US STOCKS SNAPSHOT-Nasdaq tumbles at open as Amazon, Intel add to AI spending woes
30/10/2026 13:32
US STOCKS SNAPSHOT-Nasdaq tumbles at open as Amazon, Intel add to AI spending woes Oct 30 (Reuters) - The Nasdaq opened at its lowest level in more than two months on Friday, after Amazon's aggressive AI spending plan and Intel's cash burn warning intensified investor concerns about escalating costs of AI infrastructure buildout and the return timeline.
The Dow Jones Industrial Average .DJI rose 41.3 points, or 0.08%, to 52,383.9 at the open. The S&P 500 .SPX fell 89.3 points, or 1.16%, to 7,631.07, while the Nasdaq Composite .IXIC dropped 592.2 points, or 2.26%, to 25,592.486.
(Reporting by Purvi Agarwal in Bengaluru; Editing by Shilpi Majumdar)
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