Benzingaยท2025-10-30 02:31Market Overview - Major stock indexes showed mixed performance, with the Dow Jones Industrial Average decreasing by nearly 0.2% to 47,632, the S&P 500 remaining steady at 6,890.59, and the Nasdaq increasing by 0.55% to 23,958.47 [1] Federal Reserve Actions - The Federal Reserve reduced its benchmark interest rate by 25 basis points to a range of 3.75%-4.00% and announced the cessation of its securities holdings runoff starting December 1, marking the end of its quantitative tightening program. This decision was made amid slowing job growth, moderate economic expansion, and persistent inflation pressures, with two dissenting votes [2] Meta Platforms Inc. - Meta's stock saw a slight increase of 0.03%, closing at $751.67, but dropped over 7% in after-hours trading to $696.30. The stock's intraday high was $759.16 and low was $742.51, with a 52-week range of $796.25 to $479.80 [3][4] - The company reported third-quarter revenue of $51.24 billion, a 26% year-over-year increase, and adjusted earnings per share of $7.25. A one-time, non-cash income tax charge of $15.93 billion was included in the earnings report. CEO Mark Zuckerberg emphasized strong performance in AI and wearable technology, with significant investments planned [4] Alphabet Inc. - Alphabet Class C shares increased by 2.51% to close at $275.17, with after-hours trading rising 6.73% to $293.69. Class A shares gained 2.65% to $274.57, also rising 6.72% in after-hours trading to $293.01 [5] - The company reported third-quarter revenue of $102.35 billion, a 16% year-over-year increase, with earnings of $2.87 per share. Growth was driven by Search, YouTube, and Cloud services, while CEO Sundar Pichai noted rapid AI adoption and 650 million users for Gemini. However, the company anticipates higher capital spending in 2025 [6] Chipotle Mexican Grill Inc. - Chipotle's stock decreased by 1.24% to close at $39.76, falling 16.5% in after-hours trading to $33.19. The stock's intraday high was $40.65 and low was $39.59, with a 52-week range of $66.74 to $38.30 [7][8] - The company reported third-quarter earnings of $0.29 per share, matching estimates, but revenue of $3 billion slightly missed expectations of $3.02 billion. Comparable restaurant sales and margins saw a modest decline, and the company opened 84 new locations [8] Microsoft Corporation - Microsoft's stock experienced a slight decrease of 0.10%, closing at $541.55, and fell nearly 4% in after-hours trading to $519.99. The stock's intraday high was $546.27 and low was $536.73, with a 52-week range of $555.45 to $344.79 [9][10] - The company reported first-quarter revenue of $77.7 billion, an 18% year-over-year increase, with earnings of $4.13 per share, surpassing the Street's estimate of $3.67. Growth was attributed to strong cloud and AI performance, including a 40% increase in Azure revenue [10] Starbucks Corporation - Starbucks' stock decreased by 1.47%, closing at $84.17, with after-hours trading showing a 1.8% increase. The stock's intraday high was $84.89 and low was $83.28, with a 52-week range of $117.46 to $75.50 [11] - The company reported fourth-quarter revenue of $9.57 billion, exceeding estimates, while adjusted earnings of $0.52 per share fell short of the $0.56 estimates. Global comparable store sales rose by 1%, with international growth offsetting flat North American sales [11]