Wall Street indexes fall as Meta, Microsoft drag, along with Fed rate concerns

Wall Street indexes fall as Meta, Microsoft drag, along with Fed rate concerns

By Sinéad Carew and Pranav Kashyap

Thu October 30, 2025 6:10 PM  

Okay, it was reported yesterday that Meta, Microsoft and Google had turned in disappointing Q3 reports after the bell and that would probably be reflected in today’s trading. It certainly was as all three stocks slumped and sent all the indexes into triple digit losses after four straight days of new record gains. Tech was on a constant all-day downward slope and, as tech goes, industrials generally go opposite which was reflected in the Dow’s nearly 400 point gain by 11 a.m. but the bad tech news even sent the industrials down for the rest of the day after that.  

As there had been such elevated, by some views unrealistically so, expectations for the continuing growth of AI in the Mag 7, the mixed reports have created worries over the exorbitant spending in AI investment and that it may be creating the long-dreaded bubble. The market was also continuing to digest that anxiety producing comments of no assurances of a December rate cut. Amazon and Apple’s reports were coming in after the bell and were not expected to be any better. Thus, the profit-taking from these historic highs may very well continue tomorrow. Volume was still a tad below the 4-week average of 21.08 billion, coming in at 20.32 billion. 

DJ: 47,632.00  -74.37       NAS: 23,958.47  +130.98      S&P: 6,890.59  -0.30          10/29

DJ: 47,522.12  -109.88     NAS: 23,581.14  -377.33       S&P: 6,822.34  -68.25        10/30

Thu 10-30-25 6:10 pm Wall Street indexes fall as Meta, Microsoft drag, along with Fed rate concerns | Reuters