Stocks Flat As Traders Weigh Trade Truce, Fed, And Tech Earnings

Benzinga

U.S. stocks were mixed as investors weighed a U.S.-China trade truce, uneven tech earnings, and a cautious Fed outlook. Meta slid on AI cost worries, Alphabet surged on cloud strength, and Microsoft dipped after weaker results. Traders balanced optimism over AI and rate cuts against trade and inflation concerns.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Stocks were mixed Thursday as traders weighed a U.S.-China trade truce,

00:06diverging tech earnings in a cautious Federal Reserve outlook, according to Bloomberg.

00:10Trump raises meeting with Xi Jinping, where both sides agreed to ease export controls.

00:14Meta fell 8.8% on AI spending concerns, Alphabet rose 8.4% on strong cloud growth,

00:20and Microsoft dipped 1.9% after results missed expectations.

00:24Three spent nearly $78 billion on CapEx last quarter, up 89% year-over-year.

00:29Investors are balancing optimism over AI and potential Fed cuts with lingering trade tensions.

00:34Dollars strengthened, Treasury yields rose,

00:37and the European Central Bank prepared its policy decision to be announced later on Thursday.

00:41For all things money, visit Benzinga.com.

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