Nasdaq plunges 1.6% | S&P 500 closes lower as Meta & Microsoft drag tech stocks

US stocks closed sharply lower on Thursday (Oct 31, 2025), with the Nasdaq down 1.57%, driven by a sell-off in big tech after Meta and Microsoft reported earnings that reignited investor concerns over rising AI and infrastructure costs.

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- S&P 500 fell 0.99% to 6,822.34

- Nasdaq Composite dropped 1.57% to 23,581.14

- Dow Jones slipped 0.23% to 47,522.12

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📊 Meta plunged over 11% on rising cost outlook.

💻 Microsoft fell about 3%, despite revenue growth.

🔹 Alphabet (Google) rose 2.5%, buoyed by strong cloud and ad revenue.

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Meanwhile, investors weighed the outcome of the Trump–Xi meeting, which yielded limited progress on trade relations — keeping market sentiment cautious.

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🪙 Overall tone remains Risk-Off, with capital rotating away from tech into safer assets like gold and bonds.

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📈 “AI costs are a double-edged sword — mastering them defines long-term winners.” — TrendPro Analysis