Wall St futures flat as Powell tempers hopes of Dec cut; ’Mag 7’ earnings in focus By Investing.com
Update: 2025-10-30
Description
Despite the Federal Reserve's second consecutive rate cut, stock futures and major indices remained relatively unchanged on October 30th. The Dow Jones slightly declined, while the S&P 500 and Nasdaq showed modest gains. The lackluster market action was primarily due to Fed Chair Jerome Powell's cautious stance on future rate cuts, citing mixed economic signals and concerns about inflation and job market strength. Global politics, particularly the upcoming meeting between President Trump and China's President Xi Jinping, also caught investor attention. Tech giants like Alphabet, Microsoft, and Meta reported mixed earnings, with Alphabet surging and Microsoft and Meta declining, leaving investors cautious about big-name stocks driving market performance.
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