Wall Street stocks opened lower on Thursday after mixed results from big tech companies and comments from Fed Chair Jerome Powell that raised doubts about more rate cuts this year.

In the early hours of trading, the Dow Jones fell 196 points (0.41%) to 47,435.60, the S&P 500 dropped 35 points (0.51%) to 6,855.79, and the Nasdaq lost 174 points (0.73%) to 23,784.50. US tech companies showed mixed results in their Q3 2025 earnings.

Alphabet reported strong results, but companies like Microsoft and Meta saw cautious reactions from investors, even though their revenues grew. The mixed response shows both excitement about AI growth and worries about profits and future costs.

Meanwhile, the Federal Reserve announced a 25 bps interest rate cut, bringing the range to 3.75%–4.00%. In his opening

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