U.S. stock futures sink, Nasdaq down 2% as Amazon, Intel earnings underwhelm

U.S. stock index futures experienced a sharp decline on Thursday evening, with technology stocks leading the downward trend. The Nasdaq 100 Futures suffered the most significant loss, falling by 2% to 28,975.0 points, while S&P 500 and Dow Jones Futures also saw declines. The negative sentiment stemmed from a lackluster earnings report from Amazon and Intel, which failed to meet Wall Street's expectations.

Nasdaq Composite saw a 1.4% drop, primarily driven by a 12.6% plunge in Amazon's shares. Intel's stock plummeted by nearly 23% in after-hours trading due to disappointing forecasts for the upcoming quarter. The tech sector's woes were compounded by Samsung Electronics' weak earnings, further fueling concerns over excessive artificial intelligence spending.

Despite the market slide, investors anticipated a potential interest rate hike by the Federal Reserve in December, fueled by strong GDP and inflation data.