Stocks climb after upbeat earnings, economic data; Treasury yields jump
Wed November 5, 2025 6:20 PM
The markets were spooked yesterday by changing sentiment brought on by the two big banks regarding a coming bubble and major correction predictions. All that got reversed today with a new spate of solid corporate earnings shooting the chip index back up recovering almost all of yesterday’s 4% losses. There was also a fair amount of relief in the labor markets when the private payrolls numbers came in at a very healthy 42,000 added jobs vs a 28,000 estimate, bringing renewed faith in the resiliency of the economy.
Yesterday’s profit-takers were replaced by today’s bargain hunters shooting both tech and industrials into nice 3-digit gains after yesterday’s substantial 3-digit losses. S&P earnings growth for Q3 has once again been increased, today to 16.2%, almost double the 8.8% a month ago. Per the CBOE, volume came in at 19.9 billion, still below the 21 billon average.
DJ: 47,085.24 -251.44 NAS: 23,348.64
-486.09 S&P: 6,771.55
-80.42 11/4
DJ: 47,311.00 +225.76 NAS: 23,499.80
+151.16 S&P: 6,796.29
+24.74 11/5
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