Boardrooms love buzzwords.

AI, climate, resilience.

But what do they actually mean for CFOs and execs trying to survive the next earnings call?

That's where the pre-read comes in.

Real experts and real talk.

Subscribe to the pre-read, presented by Workieva.

Here's your closing bell brief for Thursday, October 30th. I'm Catherine Sullivan for the Wall Street Journal.

U.S. stocks closed lower today, with technology shares losing ground. The NASDAQ fell 1.6%, dragged down by

post-earnings downturns in META and Microsoft. Meta shares slid 11% after investors reacted

negatively to its plans for higher artificial intelligence spending. The S&P 500 dropped 1%, and the Dow

retreated 0.2%. In after hours trading, Amazon shares rose 10% after the tech giant reported a 13% jump in revenue

driven by cloud sales and a 39% rise in net profit. And Apple shares rose more than 1% in

extended trading after reporting record September quarter sales on strong demand for its new iPhone 17.

Elsewhere, the dollar and treasury yields gained

as traders paired bets on a December interest rate cut from the Federal Reserve. Among other

individual companies, Chipotle Mexican grill shares slid 18% after the chain warned that

economic strains are turning customers away and reported revenue that missed forecasts.

Metcera's stock jumped 22% after Danish drug company Novo Nordisk launched a bid for the obesity

drug developer. And shares of Eli Lilly rose 4% after the pharmaceutical company raised its annual

outlook, citing soaring demand for its weight loss drugs.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

...