The S&P 500 slipped 0.2% and the Nasdaq fell 0.9% on Thursday, weighed down by losses in technology and communication services, while the Dow Jones rebounded from early declines to add about 170 points. Meta tumbled more than 12% after recording a $15.93 billion one-time tax-related charge, while investors also grew cautious about the company’s rising capital expenditures tied to AI development. Microsoft dropped over 3% after disclosing that its OpenAI investment reduced quarterly earnings by $3.1 billion. In contrast, financials and real estate were among the top-performing sectors. Alphabet surged nearly 5% after reporting stronger-than-expected earnings, and Eli Lilly gained 4% following an upgrade to its full-year revenue guidance. JPMorgan (+2%), Visa (+2.3%), and Goldman Sachs (+2.9%) also posted solid gains. Meanwhile, the meeting between Presidents Trump and Xi concluded with outcomes that were largely anticipated by markets.