S&P 500 is little changed as Meta and Microsoft fail to prop up broader market, Figma opens for trading 7/31/25

Stocks wavered on Thursday, with the S&P 500 and Nasdaq hitting intraday records before pulling back, as struggles in the broader market overshadowed blockbuster results from tech giants Microsoft and Meta Platforms.

Plus, Figma opened trading at $85 per share on NYSE Thursday afternoon. The opening level for the design software company’s shares was more than double its IPO price of $33. We’ll tell you all that you need to know.

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S&P 500 is little changed as Meta and Microsoft fail to prop up broader market, Figma opens for trading 7/31/25

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