Overview
- Stocks snapped Wednesday’s slide with the Nasdaq up 0.89%, the S&P 500 0.58% and the Dow 0.31% after the White House confirmed a Trump–Xi meeting for Oct. 30 in South Korea.
- Wednesday’s selloff was tied to Netflix’s nearly 10% plunge on a Brazilian tax hit and a Reuters report that Washington is weighing new export curbs on China-linked products using U.S. software.
- Earnings jitters persisted as Tesla reported sharply lower profits versus last year and IBM flagged slower cloud software growth, though Tesla shares recovered into Thursday’s close.
- Energy shares rallied as U.S. sanctions on Russia’s Rosneft and Lukoil drove oil up roughly 5%, while Treasury yields edged higher ahead of Friday’s inflation print.
- Mexico’s S&P/BMV IPC rose for a second day, lifted by earnings-driven moves including a 13% jump in Becle, following earlier gains from Quálitas and GCC.