--- title: "Nasdaq Down Over 600 Points; Amazon Shares Fall Following Weak Q3 Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/303761116.md" description: "U.S. stocks fell on Friday, with the Nasdaq dropping over 600 points (2.36%) and the S&P 500 down 1.20%. Amazon shares declined ~5% after missing Q3 revenue and earnings estimates. Conversely, Smart Logistics Global surged 51% following a Nasdaq listing extension, while Acumen Pharmaceuticals plunged 85% due to failed clinical trial results. Oil rose 1.8%, gold fell 1.7%, and U.S. employment costs increased 0.8% in Q3." datetime: "2026-10-30T13:39:31.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303761116.md) - [en](https://longbridge.com/en/news/303761116.md) - [zh-HK](https://longbridge.com/zh-HK/news/303761116.md) generator: "portal-rs" --- # Nasdaq Down Over 600 Points; Amazon Shares Fall Following Weak Q3 Results U.S. stocks traded lower this morning, with the Nasdaq Composite falling more than 600 points on Friday. Following the market opening Friday, the Dow traded down 0.31% to 52,181.28 while the NASDAQ fell 2.36% to 25,565.66. The S&P 500 also fell, dropping, 1.20% to 7,627.51. **Leading and Lagging Sectors** Consumer staples shares jumped by 2.2% on Friday. In trading on Friday, information technology stocks fell by 3.3%. **Top Headline** **Amazon.com Inc**. (NASDAQ:AMZN) shares fell around 5% on Friday after the company reported weaker-than-expected financial results for the third quarter. Amazon posted third-quarter revenue of $201.94 billion, missing the consensus estimate of $202.31 billion, according to Benzinga Pro. The company reported earnings of $1.89 per share for the quarter, missing estimates of $1.97 per share. Amazon expects fourth-quarter revenue to be between $240 billion and $247 billion versus estimates of $244.51 billion. **Equities Trading UP** - **Smart Logistics Global Ltd (**NASDAQ:SLGB) shares shot up 51% to $0.31 after the Hong Kong-based business-to-business contract logistics provider said Nasdaq gave it more time to meet listing requirements. - Shares of **TNL Mediagene** (NASDAQ:TNMG) got a boost, surging 45% to $4.42. TNL Mediagene completed the sale of Japanese business in management buyout. - **Nuburu Inc (**NYSE:BURU) shares were also up, gaining 40% to $0.52. Nuburu shares jumped 109% on Thursday after the company announced it regained NYSE compliance. **Equities Trading DOWN** - **Acumen Pharmaceuticals Inc (**NASDAQ:ABOS) shares dipped 85% to $0.35 after the company said its Phase 2 ALTITUDE-AD trial of sabirnetug in early Alzheimer’s disease missed its primary endpoint and key secondary endpoints. - Shares of **Solowin Holdings Ltd (**NASDAQ:AXG) were down 44% to $2.08 after dipping 35% on Thursday. - **Alphatec Holdings Inc (**NASDAQ:ATEC) was down, falling 36% to $7.32 after reporting weak third-quarter results. **Commodities**  In commodity news, oil traded up 1.8% to $103.88 while gold traded down 1.7% at $3,964.80. Silver traded down 4.4% to $50.075 on Friday, while copper fell 1.2% to $6.5250. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 declined 0.3%, while Spain’s IBEX 35 Index fell 0.8%, London’s FTSE 100 gained 0.2%, Germany’s DAX declined 0.8%, while France’s CAC 40 rose 0.1%. **Asia Pacific Markets** Asian markets closed mixed on Friday, with Japan’s Nikkei 225 dipping 2.12%, Hong Kong’s Hang Seng index gaining 1.46%, China’s SSE Composite Index declining 1.44% and India’s BSE Sensex gaining 0.42%. **Economics** U.S. employments costs rose by 0.8% in the third quarter following a 0.9% rise in the previous period. *Photo via Shutterstock* ### Related Stocks - [ABOS.US](https://longbridge.com/en/quote/ABOS.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [ATEC.US](https://longbridge.com/en/quote/ATEC.US.md) - [AXG.US](https://longbridge.com/en/quote/AXG.US.md) - [BURU.US](https://longbridge.com/en/quote/BURU.US.md) - [SLGB.US](https://longbridge.com/en/quote/SLGB.US.md) - [SWIN.US](https://longbridge.com/en/quote/SWIN.US.md) - [TNMG.US](https://longbridge.com/en/quote/TNMG.US.md) - [AMAA.US](https://longbridge.com/en/quote/AMAA.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZG.US](https://longbridge.com/en/quote/AMZG.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPDN.US](https://longbridge.com/en/quote/SPDN.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPUU.US](https://longbridge.com/en/quote/SPUU.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) ## Related News & Research - [3,080 Amazon.com, Inc. $AMZN Shares Sold by RWQ Financial Management Services Inc.](https://longbridge.com/en/news/303709451.md) - [VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more](https://longbridge.com/en/news/303307575.md) - [LIVE MARKETS-Gold could face further weakness as hawkish Fed and AI worries loom](https://longbridge.com/en/news/303784455.md) - [Amazon Just Burned $42 Billion in Cash Chasing AI Growth. 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