US stocks mostly lower after mixed tech earnings

New York, Oct 30, 2025 (AFP)
Wall Street stocks mostly fell early Thursday as markets digested a generally upbeat meeting between the US and Chinese leaders and mixed corporate earnings.
At their first meeting in six years, Donald Trump and Xi Jinping agreed to calm the trade war between China and the United States, with Washington lowering some tariffs and Beijing committing to keep supplies of critical rare earths flowing for longer.
A host of major companies reported quarterly results, with Facebook parent Meta sinking more than 11 percent while Google parent Alphabet won 4.1 percent.
About 25 minutes into trading, the Dow Jones Industrial Average was up 0.5 percent at 47,857.27.
The broad-based S&P 500 lost 0.2 percent at 6,874.22, while the tech-rich Nasdaq Composite index dropped 0.6 percent to 23,811.13.
Markets are also taking note of Wednesday's Federal Reserve decision, where the central bank cut interest rates but signaled it might not lower rates again in December; the latter message weighed on stocks Wednesday afternoon.
"The Fed really came out strongly yesterday saying we don't know what's going to happen," said Kim Forrest of Bokeh Capital Partners. "Don't assume that that cut is going to continue."

Sumber : AFP