US stocks today: Dow Jones crashes 500 pts, Nasdaq over 2.5% as AI cash burn fears spark tech selloff

economictimes.indiatimes.com · 2026-10-30

US stocks tumbled on Friday as disappointing results from Intel and Amazon reignited concerns over rising artificial intelligence spending and uncertain returns. The Nasdaq recorded its biggest single-day percentage decline since June 5. Technology stocks led losses, while the S&P 500 and Nasdaq also ended October in negative territory.

TickrTrends take: Starbucks shares may face headwinds from the broader market selloff affecting tech-heavy indices, though the company operates primarily in the Consumer Cyclical sector rather than technology. With TickrTrends' current assessment placing SBUX at fairly valued, investors should monitor whether the market-wide decline creates valuation opportunities or reflects genuine concerns about consumer spending patterns that could impact discretionary coffee purchases. The distinction between Starbucks' valuation standing and the tech sector's current troubles suggests the stock's movement today may depend more on general risk-off sentiment than fundamental shifts in the company's valuation metrics.

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