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Tech rout deepens as Binance hack adds crypto risk to markets

Oct 30, 2026, 6:48 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Major tech disappointments (Amazon/Intel) combined with a systemic crypto shock (Binance) create near-term risk-off pressure on S&P 500; energy strength may limit downside, but broad tech leadership erosion dominates near-term price action.

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What happened, with direct paths to the underlying reporting

Morning Squawk flags a tech-led selloff with Amazon and Intel missing estimates, pressuring the Nasdaq. A $6.3 billion Binance hack amplifies risk-off sentiment and crypto-policy debate. Chevron beats on Q3, while ExxonMobil’s earnings outlook remains strong; crypto-linked assets and big tech remains volatile, with midterm uncertainty adding near-term caution for S&P 500 moves.

Tech weakness persists as Amazon and Intel disappoint earnings; Nasdaq likely to extend losses.
Binance hacks expose $6.3B, with state-backed hack risk discussion expanding.
Energy names Chevron and ExxonMobil remain mixed; Chevron beats, Exxon EPS guidance strong.
Crypto-related equities and ETFs slip on hack concerns; Bitcoin trades under key levels.
Midterm political developments add macro caution to risk appetite.

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