Major Indexes Close Lower as Tech Comes Under Pressure | WEEX TradFi Daily(October 30, 2026)

Today’s Digest

• All three major indexes closed lower on October 29, led down by technology and communication services; healthcare and defensive sectors were relatively resilient.
• Amazon fell more than 7% after hours and Intel plunged more than 20%; SanDisk, Coinbase and Strategy diverged after hours.
• Bitcoin was near $77,000, with Ethereum also lower. HYPE continued to rally toward its record high, while TRX rose against the broader market.
• October 30 brings pre-market earnings from AbbVie, Exxon Mobil, Chevron and others.

Crypto Highlights

1）Bitcoin Near $77,000; Ethereum Also Falls

Bitcoin was near $76,000–$77,000, while Ethereum traded around $2,200. After the Federal Reserve held its policy rate at 3.75%–4%, Bitcoin fell more than 4% over 24 hours amid macro pressure and a hacking incident. The next support level is around $75,000.

Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）HYPE Rallies to $97; Last Near $90

HYPE climbed as high as $97 and was last near $90, up about 15% over 24 hours and roughly $1 short of a new all-time high. Earlier reports said exchange operator ICE plans to work with Trade.xyz to bring perpetual-contract products into regulated markets. Hyperliquid Strategies (PURR), a HYPE treasury company, also briefly gained more than 20%. The perpetual-trading narrative and expectations for institutional participation drove inflows.

Watchlist: HYPE, PURR
Spot: HYPE / PURR
Futures: HYPE / PURR

3）Crypto Broadly Declines; TRX Rises Nearly 10% Against the Trend

The crypto market was broadly under pressure, with most major assets retreating. TRX rose nearly 10% against the trend and showed relative resilience. Tron network activity and stablecoin-related demand may support the price, though overall risk appetite remains sensitive to macro conditions and liquidity.

Watchlist: TRX
Spot: TRX
Futures: TRX

Stock Highlights

1）Major Indexes Close Lower; Tech Under Pressure

All three major indexes closed lower on October 29. Technology and communication services led the decline, partly reflecting reactions to large-cap tech earnings. Healthcare, real estate and defensive sectors were relatively resilient. Markets remain sensitive to AI capex and corporate guidance.

Watchlist: QQQ, SPY
Spot: QQQ / SPY
Futures: QQQ / SPY

2）Amazon (AMZN) Falls More Than 7% After Hours

Amazon’s third-quarter revenue was about $201.9 billion, up 12% year over year and slightly below expectations. Diluted EPS was $1.89, also below expectations. AWS revenue was about $46 billion, up 39%. Fourth-quarter revenue guidance of $240–$247 billion was broadly in line with expectations. Shares fell about 7% after hours as markets focused on capex and holiday-season guidance.

Watchlist: AMZN
Spot: AMZN
Futures: AMZN

3）Intel (INTC) Plunges More Than 20% After Hours

Intel’s third-quarter adjusted EPS was $0.52, above expectations. Revenue was about $16.51 billion, up 21% year over year but slightly below expectations. Data-center and AI business growth was strong, while the client business declined. Fourth-quarter adjusted EPS guidance of just $0.25 and revenue guidance of $15–$16 billion were significantly below expectations. Shares fell about 21% after hours amid concerns about continued weakness in PC demand.

Watchlist: INTC
Spot: INTC
Futures: INTC

4）SanDisk (SNDK) Pulls Back After Hours

SanDisk’s fiscal first-quarter revenue was about $11 billion, up sharply year over year, with a significant contribution from its data-center business. EPS was about $49.51, above expectations, and gross margin remained high. Shares initially rose after hours before turning volatile. AI storage demand remains the core driver.

Watchlist: SNDK
Spot: SNDK
Futures: SNDK

5）Coinbase (COIN) and Strategy (MSTR) Diverge After Hours

Coinbase’s third-quarter net income was about $719 million, mainly from gains on crypto holdings. Revenue was about $1.22 billion, in line with expectations, and after-hours trading was modest. Strategy reported third-quarter net income of about $19.5 billion, mainly from gains on Bitcoin holdings; shares fell about 3.5% after hours. Markets are watching how potential MSCI index exclusions could affect passive flows.

Watchlist: COIN, MSTR
Spot: COIN / MSTR
Futures: COIN / MSTR

Today’s Preview

Several companies report before the open on October 30 across pharmaceuticals and energy. Investors will focus on demand and capex guidance.

1）AbbVie (ABBV) — October 30 Pre-Market

Markets will watch drug sales, the R&D pipeline and guidance. Immunology and oncology are key areas.

Watchlist: ABBV
Spot: ABBV
Futures: ABBV

2）Exxon Mobil (XOM) — October 30 Pre-Market

Markets will watch production, refining margins and capex. Oil prices and the upstream business are in focus.

Watchlist: XOM
Spot: XOM
Futures: XOM

3）Chevron (CVX) — October 30 Pre-Market

Markets will watch production, cash flow and shareholder returns. Energy prices and operating efficiency are key.

Watchlist: CVX
Spot: CVXSTOCK
Futures: CVXSTOCK

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