SHANGHAI, CHINA – OCTOBER 30: A store is adorned with pumpkin lanterns in Xintiandi space, making a festive environment forward of Halloween, on October 30, 2025 in Shanghai, China.
Vcg | Visible China Group | Getty Photographs
As we head into Halloween, Wall Road seems to be dealing with a mixture of methods and treats.
Traders have been spooked by some Large Tech capex plans, with all three main indexes falling Thursday. Meta inventory suffered its greatest one-day loss since October 2022 as skepticism over its AI spending plans overshadowed robust outcomes, whereas Microsoft misplaced 3%.
In distinction, Amazon shares jumped greater than 13% in prolonged buying and selling after it beat expectations and noticed robust progress in its cloud-computing unit, and Netflix handed out treats to large and small buyers alike because it introduced a ten for 1 inventory break up, making its shares extra accessible to buyers.
On the commerce entrance, U.S. President Donald Trump and Chinese language President Xi Jinping met in Busan for a summit which noticed tariffs trimmed, soybeans purchases promised, and uncommon earth controls put in abeyance for a yr, with some sketchy deal particulars — methods up the sleeves of the 2 financial giants?
As markets assess the Fed charge stance, tech exuberance, and diplomatic theatrics, one is left questioning: is that this the beginning of a vacation miracle, or a nightmare earlier than Christmas?
What it’s good to know at the moment
Amazon delivers for shareholders. Amazon shares jumped greater than 13% in prolonged buying and selling Thursday after the corporate posted third-quarter earnings that exceeded expectations, together with robust progress in its cloud-computing unit.
AI SPAC faucets Nvidia advisors. Nasdaq-listed particular goal acquisition firm Dynamix Company III has raised an upsized $175 million in an preliminary public providing. The SPAC has engaged advisors from industrial actual property agency Prologis and AI darling Nvidia within the hunt for offers.
Netflix’s 10-for-1 break up. The corporate introduced a 10-for-1 inventory break up Thursday, a transfer that would make the expensive particular person shares extra accessible to retail buyers. Current shareholders as of Nov. 10 will obtain 9 further shares for every one they maintain, and the inventory will start buying and selling on the new value on Monday, Nov. 17.
U.S. markets dip. The S&P 500 dipped 0.99%, whereas the Nasdaq Composite dropped 1.57%. The Dow Jones Industrial Common traded down 0.23%. Over in Europe, the Stoxx 600 ended 0.1% decrease, with most main bourses and sectors within the pink.
[PRO] Sectors to look at after Trump-Xi assembly. Gold, protection and chip shares are simply a number of the sectors that the professionals are saying to concentrate to for buyers’ portfolios after the Trump-Xi assembly in South Korea ended with a raft of agreements.
And eventually…
U.S. President Donald Trump shakes arms with Chinese language President Xi Jinping as they maintain a bilateral assembly at Gimhae Worldwide Airport, on the sidelines of the Asia-Pacific Financial Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025.
Evelyn Hockstein | Reuters
President Donald Trump and President Xi Jinping reached a commerce truce throughout a high-stakes assembly in South Korea on Thursday, de-escalating a dispute over uncommon earths components that had threatened to push the world’s two largest economies right into a full-blown commerce conflict.
However this doesn’t imply that the agreements are a complete deal, cautioned Nicholas Burns, former U.S. ambassador to China through the Biden administration.
“The place we’re is an uneasy truce in an extended, nonetheless simmering commerce conflict,” Burns instructed CNBC’s “Squawk Field” on Thursday.
— Spencer Kimball
