Stock market today: Nasdaq dives, S&P 500 and Dow fall as Amazon, Intel earnings fuel tech rout

US stocks sank in the final trading day of the month as earnings from Amazon (AMZN) and Alphabet (GOOG, GOOGL) this week rekindled concerns about the amount of money Big Tech is spending on its AI ambitions. The Nasdaq Composite (^IXIC) tumbled 2.4% as a tech-fueled sell-off showed no sign of letting up. The Dow Jones Industrial Average (^DJI) fell 0.3%, while those on the S&P 500 (^GSPC) dropped 1.2%. (^DJI ) Go deeper with AlphaSpace 52,190.20 -152.36 (-0.29%) As of 9:42:14 AM EDT. Market Open. ^DJI^GSPC ^IXIC Stocks fell for the second day in a row after Amazon and Alphabet posted rare earnings misses. Amazon shares fell 4%, while Alphabet continued to erase market value after its stock suffered its worst day in over 20 years.