FX.co ★ US Futures Slip After Mixed Tech Earnings

U.S. stock futures declined on Thursday as investors evaluated the mixed earnings reports from prominent technology companies. At the same time, attention shifted to the latest interest rate decision from the Federal Reserve and the upcoming meeting between President Trump and President Xi Jinping. After hours, Meta experienced a decline of over 7% following the announcement of a $15.93 billion one-time charge associated with President Trump’s One Big Beautiful Bill Act. Microsoft also saw a decrease of more than 4%, attributing it to a $3.1 billion reduction in its quarterly earnings due to its investment in OpenAI. Conversely, Alphabet experienced a nearly 7% increase, exceeding earnings expectations. Investors are anticipating results from Apple and Amazon later today. Meanwhile, as expected, the Federal Reserve implemented a quarter-point interest rate cut on Wednesday. However, Chair Jerome Powell indicated uncertainty about further action in December. In terms of international trade, Presidents Trump and Xi are anticipated to officially establish a trade agreement in South Korea following prolonged tensions.