Wall Street is waiting for quarterly results from Amazon AMZN and Apple AAPL, due after the bell, with investors waiting for their AI-related updates. In afternoon trade, the tech-heavy Nasdaq composite lost 1%, creeping back toward session lows.

As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 Wall St. is here to help.

President Trump and China's Xi talk trade, and investors eye big tech earnings later. Follow along for live news and analysis of the Dow, S&P 500 and Nasdaq.

Wall Street eyed a US-China truce agreed by Trump and Xi, cooling hopes for a December rate cut and the next batch of Big Tech earnings.

The S&P 500 and the Nasdaq Composite closed lower on Thursday, as Meta and Microsoft fell on worries over surging AI spending, while investors also digested a more hawkish tone from the U.S. Federal Reserve.

Meta Platforms Inc. (NASDAQ: META) posted upbeat earnings for the third quarter on Wednesday. Meta reported diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion and may not compare to estimates of $6.68. On an adjusted basis, earnings per share came in at $7.25, according to Benzinga Pro.

What Happened? Shares of social network operator Meta Platforms (NASDAQ:META) fell 12.2% in the morning session after its third-quarter 2025 earnings report revealed a significant miss on profits due to a one-time tax charge,

Dow Jones futures rose after hours, along with S&P 500 futures and Nasdaq futures. AppleAAPL and Amazon.comAMZN reported late Thursday, along with Western DigitalWDC and CloudflareNET.The stock market rally retreated Thursday,

Live Updates Live Coverage Updates appear automatically as they are published. Get The Best Meta Live Earnings Coverage Like This Every Quarter Get earnings reminders, our top analysis on Meta, market updates,

Wall Street eyed a US-China truce agreed by Trump and Xi, cooling hopes for a December rate cut and the next batch of Big Tech earnings.

Meta Platforms Inc (NASDAQ:META) earnings, along with Microsoft (MSFT) are a weight on the tech sector today. The social media empire reported adjusted third-quarter earnings of $7.25 per share on $51.24 billion in revenue, both of which topped estimates, but investors are instead harping on AI capital expenditures getting upwardly revised.