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AI-related deals and strong earnings from 60% of S&P 500 companies boosted markets despite unclear Federal Reserve policy, with Nasdaq leading gains, according to preliminary data.
- On Nov 3, the S&P 500 and Nasdaq closed higher, with gains driven by AI-related deals, as Ross Mayfield said.
- Amazon.com's US$38 billion deal with OpenAI responded to market appetite, while Nvidia shares rose after President Donald Trump said advanced AI chips would be reserved for US firms.
- This week, another 100 S&P 500 companies will report, with roughly 60% having reported and 83% of those beating estimates, according to LSEG data.
- Fed officials' split views have left policy in doubt, as Fed governor Stephen Miran favored more cuts while Chicago Fed president Austan Goolsbee opposed them; ADP National Employment Index on Nov 5 could clarify near-term policy.
- Earnings surprises from individual names point to divergent company-level outcomes as BioNTech reported a 12 euro-cent loss despite 1.5 billion euros revenue, while Kenvue beat Q3 with $0.28 per share on $3.8 billion sales and guided $1 to $1.05 this year.
11 Articles
11 Articles
The S&P 500 and the Nasdaq rose this Monday, driven by the growing interest of investors in the artificial intelligence sector (AI) following several announcements of agreements. The overall market index advanced by 0.2%, while the Nasdaq Composite rose by 0.5%. The Dow Jones Industrial Average dropped 209 points, 0.4%, weighed by the decline in the shares of UnitedHealth. Amazon, one of the seven most important technology companies in the secto…
S&P 500, Nasdaq gain after Amazon-OpenAI deal; Kenvue jumps after buyout
The S&P 500 and Nasdaq edged higher on Monday, after a slew of AI deals boosted megacap companies Amazon and Nvidia, while hawkish comments from Federal Reserve officials kept optimism in check.
Stock Market Today: Nasdaq Jumps ; Amazon stock rally, Gold price Crosses $4,000
By William Collins, consultant in stock markets – Eurasia Business News, November 3, 2025. Article no 1874 On the stock market today, the Nasdaq index experienced a notable jump, propelled by a strong rally in Amazon’s stock. Nasdaq Composite rose about 0.6%, closing near 23,725 points, continuing its momentum from October where it gained 4.7% led by strong tech and AI stock rallies. S&P 500 gained roughly 0.3%, finishing around 6,840 points, bu…
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