Nasdaq's 2.9% slide, its worst single day since March 2025, erased weekly gains as weak Alphabet ad growth and a three-year low in Amazon e-commerce sales stoked megacap earnings anxiety. S&P 500 fell 1.8% and the Dow 1.1%. Microsoft's strong Azure cloud results offered only partial offset, leaving index futures and rate-sensitive tech exposed to further de-risking near term.
Affected assets
NCSINASDAQ1002USD/USDT-1.04%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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The S&P 500 fell 1.8%. The Dow Jones Industrial Average lost 1.1%. Alphabet posted its weakest advertising revenue growth in five quarters. E-commerce sales growth at Amazon slowed to the lowest level in three years.