U.S. President Donald Trump and First Lady Melania Trump big a Halloween lawsuit astatine the White House successful Washington, DC, connected Oct. 30, 2025.
Jim Watson | Afp | Getty Images
As Halloween looms, Wall Street is balancing tricks and treats.
Investors were spooked by immoderate Big Tech capex plans, with each 3 large indexes falling Thursday. Meta banal suffered its biggest one-day nonaccomplishment since October 2022 arsenic skepticism implicit its AI spending plans overshadowed beardown results, portion Microsoft mislaid 3%.
But it was not each doom and gloom. Amazon shares jumped much than 13% successful extended trading aft it bushed expectations and saw beardown maturation successful its cloud-computing unit. Netflix handed retired treats to large and tiny investors alike arsenic it announced a 10-for-1 banal split, making its shares much accessible to investors.
On the commercialized front, U.S. President Donald Trump and Chinese President Xi Jinping met successful Busan for a acme that saw tariffs trimmed, soybean purchases promised, and uncommon world controls enactment successful abeyance for a year, with immoderate sketchy woody details — tricks up the sleeves of the 2 economical giants?
As markets measure the Fed complaint stance, tech exuberance, and diplomatic theatrics, 1 is near wondering: is this the commencement of a vacation miracle, oregon a nightmare earlier Christmas?
What you request to cognize today
Disney pulled from YouTube TV. Content from The Walt Disney Company, including channels similar ABC and ESPN, was removed from Google's YouTube TV connected Thursday aft the 2 companies failed to renew a streaming contract.
Xi speaks astatine APEC. Chinese President Xi Jinping called connected Asia-Pacific countries to support escaped trade, and support proviso concatenation stability, saying "The much turbulent the times, the much we indispensable enactment together," Xi said successful a Chinese authorities media readout Friday, translated by CNBC.
China manufacturing slump deepens. China's manufacturing enactment successful October contracted much than expected, shrinking to the lowest level successful six months. The purchasing managers' scale came successful astatine 49.0, missing economists' expectations for 49.6 successful a Reuters poll.
Nikkei reaches caller record. Japan stocks led gains successful Asia connected Friday arsenic investors saw commercialized hostility easiness betwixt Washington and Beijing. U.S. markets fell, however, with the S&P 500 down 0.99%, and the Nasdaq Composite dropped 1.57%. The Dow Jones Industrial Average traded down 0.23%.
[PRO] Sectors to ticker aft Trump-Xi meeting. Gold, defence and spot stocks are conscionable some of the sectors that the pros are saying to wage attraction to for investors' portfolios aft the Trump-Xi gathering successful South Korea ended with a raft of agreements.
And finally...
U.S. President Donald Trump and Chinese President Xi Jinping speech arsenic they permission aft a bilateral gathering astatine Gimhae International Airport, connected the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, successful Busan, South Korea, October 30, 2025.
Evelyn Hockstein | Reuters
President Donald Trump and President Xi Jinping reached a commercialized truce during a high-stakes gathering successful South Korea connected Thursday, de-escalating a quality implicit uncommon world elements that had threatened to propulsion the world's 2 largest economies into a full-blown commercialized war.
But this does not mean that the agreements are a broad deal, cautioned Nicholas Burns, erstwhile U.S. ambassador to China during the Biden administration.
"Where we are is an uneasy truce successful a long, inactive simmering commercialized war," Burns told CNBC's "Squawk Box" connected Thursday.
— Spencer Kimball
English (US) ·