S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
By Stephen
Culp
Mon November 3, 2025 4:25 PM
Tech had a moderately successful day but with the Dow, as industrials often do, going in the opposite direction. Amazon’s huge investment in AI was the main driver pushing up tech while the major healthcare companies suffering 2-4% losses was the main dampener on the Dow. But AI remains the major driver for market gains just as it has been throughout this entire bull market. The Fed remains murky on its outlook due to the lack of government data from the shutdown though data available from the ISM shows purchasing managers struggling with the uncertainty created by the tariffs.
The Supreme Court will hear arguments about the tariffs on Wednesday. Wednesday also will bring ADP data to shed light on the labor market. The Fed remains conflicted with Fed Governor Miran pushing for more cuts while Chicago Fed prez says not until inflation is lower. Well over 3/5 of the S&P has now reported with 83% beating estimates. At 19.6 billion, volume remains below the 21.1 average.
DJ: 47,562.87 +40.75 NAS: 23,724.96
+143.81 S&P: 6,840.20
+17.86 10/31
DJ: 47,336.68 -226.19 NAS: 23,834.72 +109.77 S&P: 6,851.97 +11.77 11/3
No comments:
Post a Comment