Chipotle, Meta Platforms, Alphabet, and More

Major U.S. equities indexes were mixed Thursday afternoon as President Donald Trump met with Chinese leader Xi Jinping on trade issues and investors digested several big tech earnings reports. The Dow Jones Industrial Average rose but the S&P 500 and Nasdaq were lower.

Chipotle Mexican Grill (CMG) shares sank after the fast-casual chain cut its comparable-restaurant sales outlook as it said customers are making fewer visits.

Shares of Meta Platforms (META) were down sharply after the tech giant posted earnings that missed analysts’ estimates by a wide margin, citing tax changes.

Sprouts Farmers Market (SFM) stock plummeted as the supermarket chain issued a weak outlook following soft same-store sales.

Shares of Google parent Alphabet (GOOGL) surged as the tech giant’s results topped analysts’ expectations, with the company surpassing $100 billion in quarterly revenue for the first time.

Eli Lilly (LLY) stock jumped after the maker of popular weight-loss drugs Zepbound and Mounjaro lifted its full-year outlook following stronger-than-expected third-quarter results.

Shares of ServiceNow (NOW) advanced after the enterprise software firm’s results topped estimates and its board authorized a 5-for-1 stock split. 

Gold futures rose modestly. Oil futures and the yield on the 10-year Treasury note were little changed. The U.S. dollar was up against the euro, pound, and yen. Prices for most major cryptocurrencies were lower.