US Stocks Surrender Record Highs

2025-10-30 20:01 By Felipe Alarcon 1 min. read

The S&P 500 slipped 1% and the Nasdaq fell 1.4% on Thursday, weighed down by losses in technology and communication services, while the Dow traded lower by 0.3% after giving back earlier gains.

Meta tumbled 11.3% after recording a roughly 15.9 billion dollar one-time tax related charge and flagging materially higher capital spending tied to AI, which dented near-term cash generation expectations, while investors also pared Microsoft (-2.6%) after it disclosed an approximately 3.1 billion dollar hit from its OpenAI investment and reiterated elevated AI spending.

In contrast, financials and real estate were among the better performing sectors.

Alphabet rose 2.5% after reporting stronger than expected results, and Eli Lilly gained 4.7% after raising full-year revenue guidance.

JPMorgan (2.2%), Visa (1.9%) and Goldman Sachs (2.5%) were among the names that posted solid gains.

Meanwhile, the meeting between Presidents Trump and Xi finished with outcomes largely anticipated by markets.



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