SHANGHAI, CHINA – OCTOBER 30: Shops in the Xintiandi area are decorated with pumpkin lanterns, creating a festive atmosphere ahead of Halloween, on October 30, 2025 in Shanghai, China.
Video Visual China Group | Getty Images
Wall Street appears to be in for a lot of tricks and treats in the lead-up to Halloween.
All three major indexes fell on Thursday as investors spooked by the capital spending plans of some big technology companies. Meta shares suffered their biggest one-day loss since October 2022, and Microsoft fell 3%, as skepticism over AI spending plans overshadowed strong results.
By contrast, Amazon shares beat expectations, surging more than 13% in after-hours trading on strong growth in its cloud computing unit, and Netflix announced a 10-for-1 stock split, handing out perks to large and small investors alike as it announced a 10-for-1 stock split and made its stock more accessible to investors.
On the trade front, U.S. President Donald Trump and Chinese President Xi Jinping met in Busan, cutting tariffs, pledging to buy soybeans and suspending rare earth regulations for a year, but the deal was sketchy. Could it be a clever ploy by two economic powers?
As markets assess the Fed’s interest rate stance, technology boom, and diplomatic drama, some may wonder: Is this the beginning of a holiday miracle or a pre-Christmas nightmare?
What you need to know today
Amazon delivers to shareholders. Amazon shares rose more than 13% in after-hours trading Thursday after the company reported better-than-expected third-quarter profits and strong growth in its cloud computing division.
AI SPAC hires Nvidia advisors. Dynamics Corporation III, a Nasdaq-listed special purpose acquisition company, raised $175 million in an initial public offering. The SPAC has tapped advisors from commercial real estate firm Prologis and AI darling Nvidia to find the deal.
10-1 split on Netflix. The company announced a 10-for-1 stock split on Thursday, which could make expensive individual stocks more accessible to retail investors. Existing shareholders as of November 10th will receive nine additional shares for each share they own, and shares will begin trading at the new price on Monday, November 17th.
The US market is declining. The S&P 500 fell 0.99% and the Nasdaq Composite fell 1.57%. The Dow Jones Industrial Average fell 0.23%. In Europe, most major exchanges and sectors were in the red, with the Stoxx 600 ending 0.1% lower.
(PRO) Sectors to watch after the meeting between President Trump and Mr. Xi. Gold, defense stocks and semiconductor stocks are just some of the sectors that experts say investors should pay attention to in their portfolios after a meeting between President Trump and President Xi in South Korea ended in a number of agreements.
And finally…
On October 30, 2025, U.S. President Donald Trump shakes hands with Chinese President Xi Jinping during a bilateral meeting at Gimhae International Airport on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Busan, South Korea.
Evelyn HochsteinReuter
The biggest lessons learned from the Trump-Xi meeting — the scope of the ceasefire agreement and what’s still unclear
President Donald Trump and Chinese President Xi Jinping agreed to a trade truce in a high-stakes meeting in South Korea on Thursday, calming a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.
But that doesn’t mean the deal is comprehensive, warns Nicholas Burns, a former ambassador to China during the Biden administration.
“What we have here is an uneasy truce in a long-smoldering trade war,” Burns said Thursday on CNBC’s “Squawk Box.”
— Spencer Kimball
