U.S. Stock Market Developments

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S&P 500 sheds 0.9% while Nasdaq-100 futures lost 2% after Amazon and Intel missed estimates

• Amazon sheds 7% after its Q3 2026 results and Q4 2026 guidance missed estimates.
• Intel shares fell more than 20% after it said it expects adjusted EPS of $0.25 on revenue of $15 billion to $16 billion in the current quarter, below analysts’ expectations of $0.43 per share and $17.1 billion in revenue.

Amazon

I=6 Amazon sheds 7% after its Q3 2026 results and Q4 2026 guidance missed estimates Amazon’s Q3 2026 revenue rose 12% y/y to $201.94 billion, below analysts’ estimate of $202.31 billion, while EPS was $1.89 versus $1.96 expected. Amazon guided Q4 2026 revenue of $240-$247 billion, with the midpoint missing $244.5 billion estimate. Amazon Web Services (AWS) revenue was $45.98 billion versus $45.29 billion expected, while advertising revenue came in at $19.64 billion (+12% y/y) vs. $20.82 billi…