American stocks retreated on Thursday (30.10.25) at the close Wall Streetas investors assessed the results of major technology companies and followed developments from US President Donald Trump’s meeting with his Chinese counterpart Xi Jinping.
At Wall Street’s close today, the S&P 500 fell 0.99% to 6,822.35, while the Nasdaq Composite fell 1.58% to 23,581.14. The Dow Jones industrial average ended lower by 110.19 points, or 0.23%, at 47,521.81.
Tech giants Alphabet, Meta and Microsoft reported their results after the market closed on Wednesday (29.10.25). Alphabet shares rose about 2.5% on strong financial results, while Meta and Microsoft fell more than 11% and about 3% respectively. Investors appeared concerned about rising operating expenses and cost projections for the two companies.
Declines in Meta, Microsoft and Nvidia led to a broader correction in tech stocks, while banking stocks such as JPMorgan and Bank of America posted gains. Health sector stocks also moved positively, with Eli Lilly standing out, as it announced better-than-expected results and revised upward its forecasts. Its stock rose nearly 4%.