30.10.202515:32:49UTC+00S&P and Nasdaq Fall, Dow Rebounds

On Thursday, the S&P 500 experienced a marginal decline of 0.2%, and the Nasdaq Index dropped by 0.9%, influenced by downturns in the technology and communication services sectors. Conversely, the Dow Jones Index showed a positive shift, gaining approximately 170 points after an initial dip. Meta faced a significant fall of over 12% following a sizeable one-time tax-related charge amounting to $15.93 billion, coupled with investor concerns regarding its increasing capital expenditures for AI development. Microsoft also saw a decline exceeding 3%, attributed to its investment in OpenAI that impacted quarterly earnings by $3.1 billion. On the other hand, sectors such as financials and real estate demonstrated strong performances. Alphabet saw a near 5% rise, buoyed by earnings results that surpassed expectations, while Eli Lilly's shares increased by 4% after revising its full-year revenue guidance upwards. Additionally, JPMorgan, Visa, and Goldman Sachs recorded impressive gains of 2%, 2.3%, and 2.9% respectively. The meeting between Presidents Trump and Xi wrapped up with outcomes that largely aligned with market expectations.