{"id":345576,"date":"2026-10-30T17:19:00","date_gmt":"2026-10-30T21:19:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=345576"},"modified":"2026-11-01T15:40:21","modified_gmt":"2026-11-01T20:40:21","slug":"tech-rout-hammers-markets-to-end-october","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/tech-rout-hammers-markets-to-end-october\/","title":{"rendered":"Tech rout hammers markets to end October"},"content":{"rendered":"\n

Tech earnings spooked markets the day before Hallowe’en. After Amazon<\/a> and Alphabet<\/a> reported rare earnings misses earlier this week, Intel<\/a> posted a brutal forecast, rooted in supply chain shortages Its shares cratered 28.58% and helped dragged down the Nasdaq by 2.86% and the S&P by 1.82%. The Dow fared mildly better, down 1.09%. The week stirred fears among investors that megatech is overspending on AI and not delivering enough. For the week, the S&P and Dow sank three-quarters of a percent, while the Nasdaq slid 2%. Other major movers on Friday: Nvidia<\/a> -4.22%, Reddit<\/a> -29.22%, Illumina<\/a> -18.64%, and FedEx Freight<\/a> 14.91% and Regeneron<\/a> 13.33% after both delivered a strong beat. Bitcoin<\/a> was not immune to the selling, sinking nearly 2.5% to US$76,855.<\/p>\n\n\n\n

WTI regained 1% to US$103, but this wasn’t enough for the TSX which declined 1.73% or nearly 630 points. Only three sectors rallied, led by telcos, while materials and tech suffered the heaviest losses. Gold sank 3.45% to US$3,885 while silver tumbled 5.4% to US$49.25. Major movers: Methanex<\/a> 13.76% and TMX<\/a> 5.28%, both delivering convincing beats, Bird<\/a> -10.69%, Air Canada<\/a> -7.68% after issuing a poor outlook, and TFI International<\/a> as the worst performer, cratering 17.24%. For the week, the TSX declined nearly 1%.<\/p>\n\n\n\n

💾 Intel (INTC)<\/a> -28.58%<\/p>\n\n\n\n

💾 NVIDIA Corporation (NVDA)<\/a> -4.22%<\/p>\n\n\n\n

💾 Reddit Inc. (RDDT)<\/a> -29.22%<\/p>\n\n\n\n

👨‍⚕️ Illumina Inc. (ILMN)<\/a> -18.64%<\/p>\n\n\n\n

🚚 FedEx Freight Holding Company, Inc. (FDXF)<\/a> +14.91%<\/p>\n\n\n\n

💊 Regeneron Pharmaceuticals Inc (REGN)<\/a> +13.33%<\/p>\n\n\n\n

🅱 Bitcoin (BTCUSD) (BTC-USD)<\/a> -2.5%<\/p>\n\n\n\n

🌡 Methanex Corp (MX.TO)<\/a> +13.76%<\/p>\n\n\n\n

🏛 TMX Group (X.TO)<\/a> +5.28%<\/p>\n\n\n\n

🧱 Bird Construction (BDT.TO)<\/a> -10.69%<\/p>\n\n\n\n

🛫 Air Canada (AC.TO)<\/a> -7.68%<\/p>\n\n\n\n

🚚 TFI International Inc (TFII.TO)<\/a> -17.24%<\/p>\n","protected":false},"excerpt":{"rendered":"

Tech earnings spooked markets the day before Hallowe’en. After Amazon and Alphabet reported rare earnings misses earlier this week, Intel posted a brutal forecast, rooted in supply chain shortages Its shares cratered 28.58% and helped dragged down the Nasdaq by […]<\/p>\n","protected":false},"author":9,"featured_media":343920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[9],"tags":[],"class_list":["post-345576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=345576"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345576\/revisions"}],"predecessor-version":[{"id":345577,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/345576\/revisions\/345577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=345576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=345576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=345576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}