U.S. stocks suffered a broad selloff on Friday, Oct. 30, as the artificial-intelligence trade weakened and possible forced selling intensified losses in technology shares. The Nasdaq Composite fell 747.73 points, or 2.86%, to 25,437.00, its worst one-day performance since June 5, and ended the month down 5.3%, its weakest monthly result since March 2025. The index was about 8% below its recent high. The S&P 500 dropped 1.82% to 7,580.07, while the Dow Jones Industrial Average declined 1.09% to 51,770.31. Intel lost 28.6%, its worst day since 1974, after issuing a weak fourth-quarter forecast. Amazon reported $42.4 billion in negative free cash flow as heavy AI spending weighed on its finances. Tom Lee of Fundstrat said the market appeared to be undergoing an internal battle and that an investor may have been forced to sell technology shares bought with borrowed money. He pointed to an equal-weighted version of the S&P 500, which fell 0.79% by the close compared with the regular index's 1.82% decline, as evidence that investors had not broadly abandoned stocks. The 10-year Treasury yield closed at 4.93%, below 5% a week after Lee said that level suggested the AI selloff was ending. Steve Sosnick, chief strategist at Interactive Brokers, said his retail clients had not fled, although they bought Alphabet heavily on Thursday. Lee said larger investors lacked conviction to buy falling shares before the Nov. 3 midterm elections and predicted buyers would return afterward. A CNBC anchor said markets expected Democrats to edge ahead in both chambers, a view Sosnick called the prevailing theory. CME FedWatch put the odds of a December rate hike at 72%.