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Amazon and Intel Results Pressure Tech as Treasury Yields Fall

Saxo's morning briefing highlighted after-hours declines in Amazon and Intel and a Treasury rally as investors reassessed technology earnings.

· Market news summary · 2 min read

The latest report

Saxo Bank's 30 October market briefing described an approximately 23% after-hours fall in Intel following a weak fourth-quarter outlook. Amazon fell about 7% amid concerns about capital expenditure, negative free cash flow and slower e-commerce growth.

US Treasuries rallied despite strong growth data, with the benchmark 10-year yield around 4.92% in the briefing's early-Friday snapshot. The report also highlighted firm oil prices and weaker silver.

Market context

Bond prices and yields move in opposite directions. A shift toward Treasuries alongside weaker technology shares can reflect changing risk appetite, but it does not determine the next session's outcome. Saxo's figures are dated public market commentary, not QMM execution prices.

Source: Saxo Bank — read the original report

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