US stock futures slide as Nasdaq drops 2% on Amazon and Intel earnings misses

U.S. stock futures fell Thursday evening, with Nasdaq 100 Futures dropping 2% to 28,975.0 points after disappointing earnings from Amazon and Intel, while S&P 500 Futures declined 0.8% and Dow Jones Futures rose 0.04%. Amazon fell 6.7% in after-hours trading after missing revenue and profit expectations for the September quarter, with heavy AI spending pushing free cash flow further negative. Intel dropped nearly 23% after weak fourth-quarter guidance, while its server CPU business benefited from AI demand but the PC division faced rising costs and weaker consumer demand. The declines followed a negative Wall Street session where the NASDAQ Composite fell 1.4%, pressured by Alphabet's 12.6% loss after its own disappointing report. Investors also largely expect the Federal Reserve to raise rates in December after stronger-than-expected GDP and PCE data, with Chair Kevin Warsh reaffirming the 2% inflation target.