Wall Street began the week on a high note before disappointing earnings from major technology companies triggered two straight sessions of selling. The Nasdaq fell 2% for the week and 5.3% for October, while the S&P 500 lost nearly 2% for the week and the Dow Jones resisted the sell-off, gaining 1.7% for the month. Intel plunged more than 28% on Friday after issuing weak guidance, while Alphabet dropped 12.6% on earnings and revenue misses and negative free cash flow. Conversely, Eli Lilly gained more than 11%, FedEx Freight rose nearly 15% for the week, and GE Vernova added more than 5%, while Boeing lost nearly 9% after postponing its goal of $10 billion in annual free cash flow until 2029.
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