Why Did the Stock Market Crash on October 30, 2026? Nasdaq Plunges as Intel, Amazon, and Binance Shake Investor Confidence
Why Did the Stock Market Crash on October 30, 2026? Nasdaq Suffers Worst Day Since June Wall Street ended October 2026 with a brutal reminder that even the biggest technology companies aren't immune to investor disappointment. On Friday, October 30, the Nasdaq Composite plunged nearly 2.9%, suffering its worst daily decline since June. The S&P 500 fell approximately 1.8%, while the Dow Jones Industrial Average dropped around 1.1%. But this wasn't just another bad trading day. Intel suffered a historic stock collapse after delivering disappointing financial guidance. Amazon's massive spending on artificial intelligence raised uncomfortable questions about profitability. Semiconductor stocks tumbled as investors reconsidered the valuations of companies powering the AI revolution. Meanwhile, the cryptocurrency market faced its own crisis after Binance disclosed a staggering $6.3 billion security breach. The combination of disappointing corporate earnings, escalating AI i...