Saturday, 31 October, 2026
Tech’s Red October: Disappointing Outlooks and AI Fears Drag Down Wall Street
By TechShots Studio
Wall Street ended October with a sharp tech selloff as weak fourth-quarter forecasts and growing AI monetization doubts spooked investors. Intel suffered its worst single-day drop in decades following a dismal revenue outlook, while Reddit plummeted nearly 30% after citing reduced traffic due to Google's AI search features. The sector-wide slump dragged the Nasdaq down nearly 3% to close the month.
Read full story at REUTERS