02:16 PM EDT, 10/30/2025 (MT Newswires) -- US benchmark equity indexes were mostly lower intraday amid post-earnings declines in Meta Platforms ( META ) and Microsoft ( MSFT ) shares.

The Nasdaq Composite was down 1% at 23,727.7 after midday Thursday, following a record-high close in the previous session. The S&P 500 fell 0.5% to 6,860.7, while the Dow Jones Industrial Average rose 0.2% to 47,734.2.

Among sectors, consumer discretionary saw the biggest drop, while financials paced the gainers.

In company news, Meta shares tumbled 10%, among the steepest declines on the S&P 500. The Facebook and WhatsApp parent late Wednesday reported a one-time tax charge of $15.93 billion in its latest quarterly results.

Microsoft ( MSFT ) was the second-worst performer on the Dow intraday Thursday, down 2.9%. The technology giant late Wednesday logged stronger-than-expected fiscal first-quarter results. There were reports of outages in the company's Azure cloud computing and 365 services Wednesday.

C.H. Robinson Worldwide's ( CHRW ) shares surged 19% intraday Thursday, the best performer on the S&P 500. The company late Wednesday delivered a quarterly adjusted earnings beat and announced a $2 billion share repurchase program.

Fox's (FOX, FOXA) class A and B shares were up more than 8% each intraday Thursday, among the top gainers on the S&P 500, as increased advertising demand helped propel the company's fiscal first-quarter results above Wall Street's estimates.

IPhone maker Apple ( AAPL ) and e-commerce giant Amazon.com ( AMZN ) are scheduled to report results after the closing bell Thursday, along with others.

US Treasury yields were higher intraday, with the 10-year rate up 3.3 basis points at 4.09% and the two-year rate gaining 2.4 basis points to 3.61%.

US President Donald Trump reportedly said he would lower tariffs on China to 47% from 57% after concluding trade talks with his Chinese counterpart, Xi Jinping, in South Korea.

"We agreed on many things, with others, even of high importance, being very close to resolved," Trump said in a social media post. "China has agreed to continue the flow of rare earth, critical minerals, magnets, etc., openly and freely."

"Progress in US-China trade talks today marks an undeniably positive step toward temporarily stabilizing a structurally fractious relationship, even as key flashpoints across the four 'Ts' -- Taiwan status, transshipments, TikTok, and technology (chips) -- remain unresolved," Oxford Economics said. "The detente is fragile given the high risk of policy missteps and mutual misreadings."

West Texas Intermediate crude oil was up 0.3% at $60.65 a barrel intraday.

A US federal government shutdown entered its 30th day Thursday. Senators returned to Capitol Hill to resume discussions to potentially end the shutdown, though voting on a House-passed continuing resolution to end the stoppage wasn't scheduled, CBS News reported.

Gold was up 0.5% at $4,021.80 per troy ounce, while silver rose 1.6% to $48.67 per ounce.