The U.S. stock market fell from record highs due to mixed news on U.S.-China trade and Big Tech earnings. Stocks globally reacted to the Trump-Xi talk. Meta Platforms dropped 11.3%, while Alphabet rose 2.5%. Microsoft fell 2.9% despite reporting strong profits. Chipotle saw a big drop, while Eli Lilly rose 3.8%. Treasury yields held steady amid Fed rate cut speculation.

Stocks reacted to mixed news on trade and earnings, with the U.S. market falling from record highs. Meta Platforms dropped 11.3%, while Alphabet rose 2.5%. Microsoft fell 2.9% despite strong profits. Chipotle saw a big drop, while Eli Lilly rose 3.8%. Treasury yields held steady amid Fed rate cut speculation.

Read more at Yahoo Finance: US stocks sink as Wall Street sees both good and bad in Big Tech profits, US-China relations