Central Bank, Trade News, Earnings Cap Wall Street Pre-Bell; Asia, Europe Off

07:17 AM EDT, 10/30/2025 (MT Newswires) -- Wall Street futures pointed modestly lower pre-bell Thursday, after Federal Reserve Chief Jerome Powell said that more rate cuts may be off the table, following the central bank's 0.25% reduction Wednesday.

Presidents Xi Jinping of China and Donald Trump concluded a meeting in South Korea, which appeared to relatively lower US tariffs on China exports to the US, while easing Beijing restrictions on that nation's rare earth exports.

In the futures, the S&P 500 fell 0.1%, the Nasdaq declined 0.1% and the Dow Jones was off 0.3%.

Traders also digested late Wednesday earnings reports from US tech giants.

Alphabet (GOOG, GOOGL) gained 7.3% pre-bell after the search-engine enterprise reported upbeat Q3 results. Meta Platforms (META) fell 7.7% pre-bell after the Facebook and Instagram host reported soft Q3 results and rising AI outlays, while Microsoft (MSFT) fell 2.6% pre-bell after reporting fiscal Q1 results and less-than-expected revenue from cloud computing.

In other earnings news, Eli Lilly (LLY) traded up 6.2% pre-bell after the drugmaker reported Q3 earnings and revenue above Street views, and lifted guidance, in pre-market hours.

Asian exchanges traded mixed and muted overnight, while European bourses tracked moderately lower midday on the continent.

On the economic calendar is the weekly EIA natural gas supplies bulletin, at 10:30 am ET.

Federal Reserve board member Michelle Bowman and Dallas Federal Reserve President Lorie Logan are slated to speak Thursday.

In premarket action, Bitcoin traded at $110,132, West Texas Intermediate crude oil traded lower at $60.15, and 10-year US Treasuries offered 4.07%. Spot gold traded for $3,978 an ounce.

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