SHANGHAI, CHINA - OCTOBER 30: A store is decorated with pumpkin lanterns successful Xintiandi area, creating a festive ambiance up of Halloween, connected October 30, 2025 successful Shanghai, China.
Vcg | Visual China Group | Getty Images
As we caput into Halloween, Wall Street appears to beryllium facing a premix of 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%.
In contrast, Amazon shares jumped much than 13% successful extended trading aft it bushed expectations and saw beardown maturation successful its cloud-computing unit, and 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 which saw tariffs trimmed, soybeans 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
Amazon delivers for shareholders. Amazon shares jumped much than 13% successful extended trading Thursday aft the company posted third-quarter net that exceeded expectations, on with beardown maturation successful its cloud-computing unit.
AI SPAC taps Nvidia advisors. Nasdaq-listed peculiar intent acquisition institution Dynamix Corporation III has raised an upsized $175 cardinal successful an archetypal nationalist offering. The SPAC has engaged advisors from commercialized existent property steadfast Prologis and AI darling Nvidia successful the hunt for deals.
Netflix's 10-for-1 split. The company announced a 10-for-1 banal divided Thursday, a determination that could marque the pricey idiosyncratic shares much accessible to retail investors. Existing shareholders arsenic of Nov. 10 volition person 9 further shares for each 1 they hold, and the banal volition statesman trading astatine the caller terms connected Monday, Nov. 17.
U.S. markets dip. The S&P 500 dipped 0.99%, portion the Nasdaq Composite dropped 1.57%. The Dow Jones Industrial Average traded down 0.23%. Over successful Europe, the Stoxx 600 ended 0.1% lower, with astir large bourses and sectors successful the red.
[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 shakes hands with Chinese President Xi Jinping arsenic they clasp 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 earths 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) ·