XM no presta servicios a los residentes de Estados Unidos de América.

Wall St ends lower as megacaps highlight AI costs



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>US STOCKS-Wall St ends lower as megacaps highlight AI costs</title></head><body>

Meta Platforms, Microsoft drag megacaps lower

Amazon and Apple post quarterly revenue beat

Estee Lauder shares drop to record low

September PCE data in line with estimates

Indexes down: Dow 0.9%, S&P 1.86%, Nasdaq 2.76%

Updates post close

By Abigail Summerville

Oct 31 (Reuters) - All three U.S. stock indexes closed loweron Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligencecosts that could hit their earnings, curbingenthusiasm for megacaps that have fueledthe market rally this year.

Shares of Facebook-owner Meta PlatformsMETA.O slipped 4.1% and MicrosoftMSFT.O fell 6%, despiteboth companies beating earnings estimates in results reported after the bell on Wednesday.

Among otherso-called Magnificent Seven megacap technology companies, Amazon.com AMZN.O and Apple AAPL.O reported quarterly resultsafter the market close. Amazonbeat revenue estimates, boosted by strong growth in its cloud services unit. Apple alsobeat revenue and profit expectations as iPhone sales grew.

Shares ofAlphabet GOOGL.O, which reported on Tuesday, fell 1.9%.

"You had three of the Magnificent Seven all say they basically have open-ended budgets for AI spend and investors don't like to hear that," said Carol Schleif, chief investment officer at BMO Family Office.

"The intermediate and longer-term implications of this buildout are really important for U.S. long-term growth and long-term productivity. ... In the short run, investors are asking where's the profit from it?"

Microsoft and Meta both said capital expenses were growing due to AI investments, which could reduce profitability.

The Dow Jones Industrial Average .DJI fell 378.08 points, or 0.90%, to 41,763.46. The S&P 500 .SPX lost 108.22 points, or 1.86%, at 5,705.45 and the Nasdaq Composite .IXIC dropped 512.78 points, or 2.76%, to 18,095.15.

The Personal Consumption Expenditures price index, the Federal Reserve's preferred inflation metric, rose 0.2% in September, in line with economists' expectations. However, the core figure was 2.7% year-over-year, slightly abovethe 2.6% forecast, while consumer spending increased a little more than expected.

After the data, traders stuck to bets for a 25-basis-point rate reduction in the Fed's Nov. 6-7meeting.

"We do expect them to cut by a quarter next week because there is nothing in the data this week that should throw them off of that," Schleif said.


Information technology .SPLRCT led declines among sectors, but upbeat results from ConocoPhillips COP.N and Entergy ETR.N lifted energy .SPNY and utilities .SPLRCU.

An index of chip stocks .SOX fell 4%,led by a 17.4% plunge inMonolithic Power Systems MPWR.O shares after the maker of power control products and semiconductors used in vehicles reportedits results. Nvidia NVDA.O also dropped 4.7%.

The VIX .VIX, Wall Street's "fear gauge," ticked up asinvestors braced for more volatility in the next few weeks from corporate results and the Nov. 5U.S. presidential election followed by the Fed's policy-setting meeting.

Estee Lauder EL.N posted itsworst day on record, dropping 20.9% afterthe cosmetics company withdrew its 2025 annual forecasts.

Shares of Uber Technologies UBER.N fell 9.3% afterthe ride-hailing company forecast fourth-quarter gross bookings below expectations.

Intel INTC.Oreported earnings after the close that were weighed down by impairment and restructuring charges.

Declining issues outnumbered advancers by a 2.66-to-1 ratio on the NYSE. There were 106 new highs and 97 new lows on the NYSE.

The S&P 500 posted 24 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 59 new highs and 159 new lows.


The Magnificent Seven https://reut.rs/4fgLCgW

S&P 500 ahead of US presidential elections https://reut.rs/3NNjZQM


Reporting by Abigail Summerville in New York; Editing by Richard Chang

</body></html>

Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.

Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.

Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.

Advertencia de riesgo: Su capital está en riesgo. Los productos apalancados pueden no ser adecuados para todos. Por favor, tenga en cuenta nuestra Declaración de riesgos.