US Futures Flat After Mixed Tech Earnings

2025-10-30 00:07 By Jam Kaimo Samonte 1 min. read

US stock futures held steady on Thursday as investors reacted to mixed results from Big Tech firms, while digesting the latest Federal Reserve interest rate decision and awaiting the highly anticipated Trump-Xi meeting.

In extended trading, Alphabet surged nearly 7% on stronger-than-expected results.

In contrast, Meta sank over 7% after reporting a $15.93 billion one-time charge tied to President Trump’s One Big Beautiful Bill Act.

Microsoft also dropped more than 4% after saying its OpenAI investment trimmed quarterly earnings by $3.1 billion.

Investors now await reports from Apple and Amazon later in the day.

Meanwhile, the Fed delivered a widely expected quarter-point rate cut on Wednesday, though Chair Powell signaled uncertainty over another move in December.

On the trade front, Presidents Trump and Xi are expected to formalize a trade truce in South Korea after months of tension.



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