US stocks open and Intel plunges 25.7%

on October 30, according to Bitget market data, US stocks opened with the Dow down 0.2%, the S&P 500 index down 1.1%, and the Nasdaq sharply dropping 2.2%. Selling pressure on tech stocks continued, with Intel (INTC.O) plummeting 25.7% as the PC winter shattered recovery expectations and weighed on free cash flow. Amazon (AMZN.O) fell 5.3% amid a Q4 outlook below expectations. Nvidia (NVDA.O) dropped 2.5%. Several emerging cloud companies followed in the decline, with Nebius (NBIS.O) down 7.3%. Gold and silver sectors plunged, while some oil stocks strengthened, with ExxonMobil (XOM.N) rising 1.5%.