Wall Street indices were trading lower and Europe’s major exchanges mostly followed suit, after quarterly results from large technology companies fell short of market expectations.
Tech results weigh on sentiment
The disappointing numbers from big technology firms left investors nervous through the session. Analysts at Bx+ said they expect the session to develop with a somewhat negative tone, maintaining pessimism caused by the technology sector’s quarterly reports and by an adverse geopolitical environment that continues to pressure crude oil prices and, consequently, global inflation.
The S&P 500 closed at 7,720.39 points on 29 October 2026, down 0.30 percent from the previous close, by MacroHerald’s own measurement as of 17:02 GMT on 30 October 2026.
European markets mixed
In Europe, the Euro Stoxx 50 declined 1.07 percent. Spain’s IBEX 35 fell 0.92 percent, while Italy’s FTSE MIB dropped 0.89 percent.
Germany’s DAX lost 0.75 percent. France’s CAC 40 slipped just 0.09 percent, a far shallower decline than its peers.
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London’s FTSE 100 was the exception, edging up 0.05 percent even as most other major European benchmarks moved into negative territory.
Related: US stocks slip as tech shares sell off on AI spending worries · US stocks rise as tech rally lifts S&P 500 to 7,722.67
Data: S&P Dow Jones Indices
