S&P, Dow, Nasdaq futures rise after increase in tech earnings, Amazon stocks rally and Apple shares see gain; Trump-Xi meet eases US-China tension

Ahead of Friday’s trading session, Stock futures, covering the Dow, S&P 500, and Nasdaq, rose on Thursday night as investors pored over a couple of key earnings reports from Big Tech companies. S&P futures showed a gain of 0.5%, while Nasdaq 100 futures added 1% and Futures tied to the Dow Jones Industrial Average added 17 points, or 0.05%. Apple and Amazon posted quarterly results after market close Thursday.

Amazon’s stock jumped over 13% after the e-commerce company reported a 20% rise in revenue from its cloud computing division in the third quarter, surpassing Wall Street expectations. Meanwhile, Apple shares gained around 3% following its solid fiscal fourth-quarter results and outlook for the December quarter.

Global streaming platform, Netflix added more than 3% after the company announced a 10-for-1 stock split. Wall Street's three major indexes witnessed a fall on Thursday (October 30, 2025) with the Nasdaq Composite and the S&P 500 leading losses. The Dow dropped 0.23%, the S&P 500 declining 0.99%, and the Nasdaq tumbling 1.57%.

Trump-Xi Jinping meeting

President Donald Trump and President Xi Jinping held a meeting in South Korea on Thursday and agreed on a one-year trade truce. The major development eased some investor concerns related to the possibility of an all-out trade war between both nations.

Trump agreed to an immediate 10% reduction in tariffs on China related to fentanyl, bringing total duties on Chinese products down to about 47%. In return, Beijing consented to a one-year suspension of the rare earth export controls it announced earlier this month. However, other contentious issues — including restrictions on Nvidia’s advanced AI chip exports and the required sale of U.S. TikTok operations — remained unresolved.

U.S. stock indexes are poised to end both the week and the month on a positive note. The S&P 500 has risen 0.45% so far this week, while the Nasdaq, led by technology shares, and the Dow have climbed approximately 1.6% and 0.7%, respectively, week to date.

CVS Health and Meta enter $100 billion club

Two companies joined this exclusive club for the first time in this quarter on Wednesday (October 29, 2025). CVS Health recorded $103 billion in revenue during the latest quarter, while Alphabet saw $102 billion in third-quarter revenue.