US stock indexes closed lower on Thursday, with the S&P 500 down -0.99%, the Dow Jones down -0.23%, and the Nasdaq down -1.47%. Tech giants Meta Platforms and Microsoft missed earnings expectations, but Alphabet beat estimates. The 10-year T-note yield rose to 4.11%, pressuring stocks. Markets are expecting a -25 bp rate cut in December. President Trump and President Xi Jinping agreed to extend a tariff truce. The US government shutdown continues. Overseas markets were mixed. European bond yields rose. Eurozone GDP and economic sentiment improved. ECB kept rates unchanged. US stock movers include Meta Platforms, Tesla, Amazon, and Microsoft on the downside, and Guardant Health and C.H. Robinson Worldwide on the upside. Earnings reports include companies like Exxon Mobil, Chevron, and Colgate-Palmolive.

Read more at Barchart: Stocks Settle Lower as Megacap Technology Stocks Slide