Weekly Recap: Nasdaq, S&P 500 and Dow Fall as Bitcoin Drops After Binance Hack

TLDR The Nasdaq fell 2.86%, the S&P 500 lost 1.82% and the Dow dropped 1.09% on October 30. Weak earnings from Amazon, Alphabet, Intel and ServiceNow renewed worries about Big Tech’s AI spending. Oil rose, with Brent at $112 per barrel, and ExxonMobil and Chevron briefly hit record highs. Bitcoin fell more than 2% after a $6.3 billion hack of Binance, the largest of its kind. The Nasdaq fell 5.2% in October, its worst month since March 2025. US stocks fell sharply on Friday, the last trading day of October. The Nasdaq Composite dropped 2.86% to 25,437.00.