Dow Down, FMC Corp Up

Finance • 2026-10-30 • 6:56 PM EST/EDT

GRAND RAPIDS, MI. - The three major indices fell today.

The NASDAQ fell 747.73 points.

The DOW fell 572.25 points.

The S&P 500 fell 140.32 points.

The Nasdaq fell 2.86 percent to 25,437.00, its largest one-day percentage decline since June 5, with technology down 4.24 percent, as Intel fell 28.58 percent to $65.76, its worst day since the 1970s, on fourth-quarter guidance of $15-$16 billion against $17.1 billion expected, and Amazon's $220 billion AI spending plan raised questions about returns. Even so, 6 of 11 sectors rose, with energy up 1.91 percent and consumer staples up 1.38 percent, a rotation out of tech into defensives.

All this as FMC Corp (FMC) shares rose $1.45 to end the day at $6.20 per share. The stock opened at $5.27.

FMC Corp's significant price move occurred because investors treated its third quarter as a reset. Revenue fell 80.5 percent to $105.9 million on $639 million in pricing and channel-inventory charges, with a GAAP loss of $2.07 billion, but the company guided to positive adjusted earnings in the fourth quarter and at least $650 million in EBITDA in 2027.

This earnings reset strengthens FMC Corp's positioning the company for continued growth in the agricultural sciences sector.