{"id":14789,"date":"2025-10-30T14:40:03","date_gmt":"2025-10-30T14:40:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/us-stocks-slide-as-wall-street-mulls-trump-xi-talks\/"},"modified":"2025-10-30T14:40:10","modified_gmt":"2025-10-30T14:40:10","slug":"us-stocks-slide-as-wall-street-mulls-trump-xi-talks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/us-stocks-slide-as-wall-street-mulls-trump-xi-talks\/","title":{"rendered":"US stocks slide as Wall Street mulls Trump-Xi talks"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">US stocks opened lower on Thursday, with Meta and Microsoft tanking as Wall Street wavered despite promising trade talks between President Donald Trump and President Xi Jinping.<\/p>\n<div id=\"cn-block-summary-block_3db65b87f635ee0b50e64d9b7f10a58d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 and Nasdaq fell sharply as Meta and Microsoft stocks slid.<\/li>\n<li>While Dow Jones Industrial rose in morning trades, the blue chip index had dipped at open.<\/li>\n<li>Investors are digesting tech earnings, Federal Reserve chair Jerome Powell\u2019s remarks and news of a U.S.-China trade truce.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>US stocks shed gains as markets weighed the latest earnings reports as well as the outcome of the meeting between Donald Trump and Xi. The S&amp;P 500 slipped 0.6% and the Nasdaq Composite shed 1.1% to lead the major indexes lower. <\/p>\n<p>Meanwhile, the Dow Jones Industrial Average fell sharply at open before steadying to hover flat.\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\">US stocks fell as Meta, Microsoft tanked<\/h2>\n<p>The sharp selling across the benchmark index S&amp;P 500 and tech heavy Nasdaq came as shares of tech giants Meta and Microsoft dropped. The Meta stock dumped 10% and Microsoft slid more than 2%, with investors jitters cropping up amid concerns around the companies\u2019 spending outlooks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Trump-Xi talks, Fed outlook<\/h2>\n<p>US stocks continue to hover near record highs despite the latest dip. However, the sell-off pressure that followed the Federal Reserve\u2019s interest rate cut on Oct. 29 lingered on Thursday.\u00a0<\/p>\n<p>Wall Street appeared spooked after Fed chair Jerome Powell highlighted that the market\u2019s anticipation of a fresh rate cut in December may be a bit stretched. In comments following the 25 basis point rate cut, Powell <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/10\/29\/fed-meeting-today-live-updates-.html\" target=\"_blank\" rel=\"nofollow\">said<\/a> another reduction at the central bank\u2019s Dec meeting is \u201cnot a foregone conclusion.\u201d\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWhat do you do when you are driving in the fog? You slow down,\u201d Powell said.<\/p>\n<\/blockquote>\n<p>A reaction across equities also reflected in cryptocurrencies amid a broader slip for risk assets.<\/p>\n<p>On Oct. 30, the mood remains one of caution despite significant positive developments related to the Trump-Xi meeting.\u00a0<\/p>\n<p>Notably, it was revealed that the U.S. and China have agreed a one-year trade truce. Trump, in comments after the meeting, said that the two leading economies, and top trading partners, will soon have a formal deal.<\/p>\n<p>Market observers see this as a scenario that will likely bring a sense of certainty to markets over coming months.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US stocks opened lower on Thursday, with Meta and Microsoft tanking as Wall Street wavered despite promising trade talks between President Donald Trump and President Xi Jinping. Summary S&amp;P 500&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14789"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14789\/revisions"}],"predecessor-version":[{"id":14790,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14789\/revisions\/14790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11234"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}