U.S. & China De-Escalate, AMZN & AAPL Report

Author

Tom White
October 30, 2025

U.S. stock futures are relatively flat ahead of the Wall Street open as traders assessed earnings, the Fed rate cut and tariff talks with China.

Alphabet (GOOGL) shares are popping in premarket trading after beating expectations but Meta Platforms (META) and Microsoft (MSFT) are weaker post results.

The Fed cut rates by 25 basis points but Federal Reserve Chair Jerome Powell suggested the central bank may not cut interest rates again at its December meeting, which investors had been betting on.

China paused export controls on rare earths, while Washington cut fentanyl-linked tariffs, following a high-stakes meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in South Korea.

Morning Movers

Snapshot (as of 7 AM ET)

  • Oil (/CL) – Oil prices are down 0.6% near $60 a barrel as investors awaited U.S.-China trade talks later in the day, hoping for signs that tensions clouding the economic growth outlook will ease.

  • Gold (/GC) – Gold prices are down 0.4% near $3990, as the dollar has firmed and the quarter percentage point rate cut from the U.S. Federal Reserve consolidated demand.

  • Bitcoin (/BTC) – The Crypto Future is down 0.5% near 110,200 in premarket trading.

  • VIX – The CBOE Volatility Index rose 3% on Wednesday and settled at 16.92 as stocks fell off of all-time highs.

  • U.S. Dollar (/DX) – The dollar is flat at 99.1.

Biggest Premarket Movers

Symbol

Product

Mark % Change (as of 7 AM ET)

ALGN

Align Technology

+12.20%

CHRW

C.H. Robinson

+12.07%

CAH

Cardinal Health

+9.44%

FMC

FMC

-29.75%

CMG

Chipotle Mexican Grill

-17.15%

EME

Emcor

-9.91%

Economic Data

Time

Event

9:55 AM ET

Fed’s Bowman Speaks

10:30 AM ET

Natural Gas Inventories

1:15 PM ET

Fed’s Logan Speaks

Notable Earnings

Premarket

Postmarket

Premarket Tomorrow

Postmarket Tomorrow

AAP, MO, BUD, APTV, BAX, BIIB, BWA, BMY, BLDR, CAH, CMCSA, COMM, CROX, DTE, LLY, EL, FOXA, HSY, IP, K, KMB, LHX, MA, MRK, QSR, RBLX, SHAK, SO, TEX, TW, TT, VMC, WEC, WLK, XPO

AMZN, AAPL, TEAM, NET, COIN, EW, FSLR, FND, FBIN, GILD, GDDY, ILMN, MSTR, RDDT, RKT, ROKU, SYK, TWLO, WERN, WDC, WY, ZG

ABBV, AON, CNI, CG, CBOE, CHTR, CVX, CHD, D, XOM, IMO, LEA, LYB, NWL, TROW

None

Upgrades/Downgrades

  • H.C. Wainwright upgrades Coinbase (COIN) to Buy from Sell

  • Rothschild & Co. Redburn upgrades Warner Bros. Discovery (WBD)

  • Stephens upgrades C.H. Robinson to Overweight from Equal Weight

  • Deutsche Bank downgrades Boeing (BA) to Hold from Buy

  • Oppenheimer downgrades Meta Platforms (META) to Perform from Outperform

  • Wolfe Research downgrades Fiserv (FISV) to Peer Perform from Outperform

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Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.