Stock market rocked as investors dump tech shares; Nasdaq suffers worst day since June: Live updates

Insight summary

• •Nasdaq-100 futures dropped 2%, with Amazon shares down 6% after missing Q3 earnings expectations and posting negative free cash flow of $42.4 billion.
• •Intel shares fell 21% following a weak outlook and a 5% revenue decline in its AI and PC segments.
• •Alphabet shares slid 12% after missing Q3 earnings and posting negative free cash flow of $9.07 billion.
• •European natural gas prices surged above 100 euros per megawatt-hour, raising concerns about winter energy costs.
• •AstraZeneca beat Q3 expectations with $16.2 billion revenue and projects over $20 billion from its drug pipeline in 2027.
• •BP reported an $8.5 billion Q3 profit, significantly above forecasts, driven by high refining margins and volatile energy markets.
• •France's economy unexpectedly contracted by 0.1% in Q3, contrary to economist expectations.