US tech stocks were sold off, with Intel falling nearly 26% this week and Alphabet dropping 12.2%.

U.S. stocks closed lower across the board this week, with the S&P 500 down 0.57%, the Nasdaq Composite down 2%, and the Dow Jones down 0.85%. Intel's fourth-quarter revenue guidance was $15 billion to $16 billion, and its stock price fell nearly 26% this week. Alphabet's third-quarter revenue was $127.58 billion, and its stock price fell 12.2% this week. ServiceNow fell nearly 27% in a single day, and AMD fell nearly 13% on Friday. Amazon's third-quarter capital expenditures exceeded $77 billion. The Federal Reserve maintained its interest rate range at 3.75% to 4.00%. (Source: Seeking Alpha)