# Nasdaq Closes Lower as Intel Outlook Misses and Microsoft Prices $25B in Debt By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/45525 Published: 2026-10-31T14:13:36.000Z Updated: 2026-10-31T14:13:36.000Z Section: Investing > Intel’s revenue nearly matched estimates and adjusted profit beat them. Microsoft expects spending to top $50 billion while remaining free cash flow positive in fiscal 2027. The Nasdaq Composite ended Friday lower as investors sold technology shares during a week of earnings reports. Intel’s fourth-quarter outlook came in below forecasts, while Microsoft priced $25 billion in debt to fund capital expenditures, share repurchases and general corporate purposes. Intel’s revenue nearly matched estimates, and its adjusted profit topped forecasts. The company cited supply constraints and their expected effects on revenue and gross margin. Microsoft forecasts more than $50 billion in spending, with outlays rising during the latter half of fiscal 2027. The company also expects to remain free cash flow positive for the fiscal year. TokenPost’s earlier [markets calendar]() listed central bank decisions and earnings from Microsoft, Alphabet, Amazon and Intel among the week’s U.S. market events. ## Links in this article - [markets calendar](https://www.tokenpost.com/news/investing/40727)