Nasdaq Futures Fall 2.19% as Amazon and Intel Results Weigh

Nasdaq futures fell 2.19% early Friday as quarterly results and outlooks from Amazon and Intel weighed on technology shares, leading declines in U.S. stock-index contracts.

At 4:19 a.m. ET (08:19 UTC) Oct. 30, S&P 500 futures were down 1.04%, while Dow futures slipped 0.08%. All three contracts were lower in that snapshot. The Nasdaq futures decline was 1.15 percentage points deeper than the S&P 500 contract's drop and 2.11 points larger than the Dow's.

Intel shares fell 16% in after-hours trading following its quarterly results and fourth-quarter outlook. The company projected revenue of $15 billion to $16 billion, adjusted earnings of 25 cents per share and a gross margin of 38%, down from 43% in the third quarter. Intel's quarterly results and outlook showed data-center revenue growth alongside a contraction in its PC-focused unit; Intel Foundry revenue rose 58% to $6.7 billion.