The US stock market witnessed a sharp decline on Thursday as Wall Street reacted to Meta’s disappointing earnings and growing uncertainty over the Federal Reserve’s next rate decision.
1. Dow Jones Industrial Average (DJI): Fell below the flatline
2. S&P 500 (GSPC): Down by more than 0.8%
3. Nasdaq Composite (IXIC): Slumped over 1.4%, leading losses
The sell-off was largely driven by Meta Platforms (META) shares plunging nearly 12%, dragging down tech stocks.
Big Tech Earnings in Focus | US Stock Market – Investors are now turning their attention to Apple (AAPL) and Amazon (AMZN), both set to report earnings after the bell.
Earlier this week, results from the “Magnificent Seven” showed mixed signals:
1. Alphabet (GOOG) soared 5%+ after stronger-than-expected results.
2. Microsoft (MSFT) slipped 2%, while Meta (META) posted weak guidance, triggering a broader tech sell-off.
US Stock Market | Fed Rate Cut Uncertainty – Federal Reserve Chair Jerome Powell hinted that a December rate cut is “not a foregone conclusion”, even after a 0.25% rate reduction this month. This statement has reignited investor caution about the Fed’s next move amid persistent inflation concerns.
US–China Trade Truce Impact – Adding to the market volatility, Presidents Trump and Xi Jinping agreed to a one-year trade truce a deal that halves fentanyl-related tariffs and pauses China’s rare earth curbs. In exchange, China will resume soybean purchases from the US.
However, semiconductors were notably absent from the agreement, sending Nvidia (NVDA) shares down over 2% as investors worried about future AI chip trade tensions.
Market Outlook | US Stock Market – Analysts warn that volatility may continue through the week as investors digest earnings from Apple and Amazon, along with the Fed’s evolving stance on interest rates.
US Stock Market 2025
Stay tuned for live updates on TdsVirals for the latest market movements and tech stock reactions.
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