December S&P 500 E-Mini futures down -0.18%, Nasdaq 100 E-Mini futures down -0.20% as investors evaluate Trump-Xi meeting, Big Tech earnings, and Fed caution.

Trump-Xi meeting results in fentanyl tariff reduction, China rare earth trade agreements, U.S. soybean purchases. Big Tech earnings mixed with Alphabet surging, Meta Platforms slumping, Microsoft falling pre-market.

Federal Reserve cuts interest rates to 3.75%-4.00%, lowest in three years. Committee votes 10-2, dissent on rate cut size. Job gains slowdown, inflation elevated, Fed to halt asset portfolio shrinking.

Chair Jerome Powell hints at no foregone rate cut in December, citing differing views in committee discussions. U.S. rate futures suggest 70.4% chance of 25 basis point cut in December.

Economic data shows U.S. pending home sales flat in September. Corporate earnings continue with focus on Apple, Amazon, and other key companies for Q3 results.

European markets down -0.29% digesting earnings, economic data, Trump-Xi meeting. Eurozone economy shows slight growth, Spain inflation accelerates, Germany unemployment falls slightly.

Asian markets mixed with Shanghai down -0.73%, Nikkei up +0.04%. Trump-Xi meeting outcome affects markets, Japan’s BOJ maintains policy rates.

Pre-market stock movers include Alphabet surging, Eli Lilly gaining, Meta Platforms slumping, Microsoft falling, and Chipotle Mexican Grill plunging.

A wide range of U.S. companies set to report earnings today. Economic impact of the government shutdown delays GDP and jobless claims release.

Global economic data includes Spain CPI, Germany unemployment, Eurozone GDP, business and consumer survey, and unemployment rate. Markets respond to regional indicators and corporate news.

Read more at Yahoo Finance: Stocks Fall Before the Open After Mixed Big Tech Earnings, Trump-Xi Summit