BEFORE THE OPEN · October 30, 2026
October 30, 2026: Intel’s weak outlook hits technology shares as Mondelēz gains
Intel’s warning about weak PC demand weighs on technology shares before open. Mondelēz benefits from improving volumes and margins, while Gilead raises its sales outlook.
| Stock | Premarket move | Price | Quote time · ET |
|---|---|---|---|
| Mondelez International, Inc. (MDLZ) | +8.11% | $67.60 | |
| Regeneron Pharmaceuticals, Inc. (REGN) | +6.87% | $875.00 | |
| Principal Financial Group, Inc. (PFG) | +6.50% | $121.03 | |
| Gilead Sciences, Inc. (GILD) | +5.07% | $174.00 | |
| FedEx Freight Holding Company, Inc. (FDXF) | +4.91% | $115.08 | |
| Intel Corp. (INTC) | -25.40% | $68.68 | |
| Reddit, Inc. (RDDT) | -19.40% | $104.54 | |
| Twilio Inc. (TWLO) | -17.73% | $199.00 | |
| Illumina, Inc. (ILMN) | -15.19% | $246.00 | |
| Dell Technologies Inc. (DELL) | -11.44% | $420.98 |
1) Technology outlooks drive the selloff
Intel’s October 29 earnings report paired strong recent data-center demand with a warning that the PC slowdown could persist into the first half of 2027. Its fourth-quarter revenue forecast is below third-quarter sales of $16.5 billion, shifting attention to the durability of demand. Reddit’s October 29 warning concerned search traffic rather than a collapse in current advertising revenue: third-quarter sales grew 53%. Its planned tests of a more logged-in experience aim to strengthen direct engagement, but the audience risk remains. Twilio’s fourth-quarter organic-growth forecast of 11%–12% compares with 16% in the third quarter. The slowdown matters because investors need sustained growth to support its valuation.
2) Gainers show different routes to stronger profits
Mondelēz’s third-quarter volume and product mix improved 1.8%, while lower raw-material and manufacturing costs helped profitability. Its reaffirmed outlook makes continued margin recovery the key question. Gilead raised its annual product-sales forecast from $30.1 billion–$30.4 billion to $31 billion–$31.3 billion. The stronger sales outlook should be distinguished from its wider expected annual loss, which includes acquisition-related research costs. FedEx Freight’s first independent results cover June through September, a four-month transition period. Revenue rose 9.2% and adjusted operating profit rose 16.4%, while shipments declined 1.4%. Better pricing helps, but a volume recovery would provide a firmer foundation.
3) Premarket prices
October 30, 2026 · Before open · Change since the previous regular close. MDLZ — $67.60 (+8.1%) REGN — $875.00 (+6.9%) PFG — $121.03 (+6.5%) GILD — $174.00 (+5.1%) FDXF — $115.08 (+4.9%) INTC — $68.68 (-25.4%) RDDT — $104.54 (-19.4%) TWLO — $199.00 (-17.7%) ILMN — $246.00 (-15.2%) DELL — $420.98 (-11.4%)
4) What to watch next
The October 30 employment-cost report is scheduled before open. Wage and benefit costs matter for business margins and the inflation outlook. Regeneron scheduled its third-quarter earnings release and conference call for October 30 before open. Dupixent growth and its eye-disease franchise are important questions for investors. Principal’s October 26 results provide recent context: operating profit per share rose to $2.22, while net investment outflows remained a risk. Premarket prices can change sharply before regular trading begins. The next useful test is whether company outlooks support earnings expectations after these large price moves.