Wall Street gains on Amazon boost but rate caution tempers enthusiasm

Wall Street gains on Amazon boost but rate caution tempers enthusiasm

By Sinéad Carew and Pranav Kashyap

Fri October 31, 2025 6:38 PM  

It was another teeter-totter day with the indexes way up in the morning, then diving into the red mid-day only to rebound in the afternoon into decent if not spectacular gains. The main push today was a stellar Q3 from Amazon after yesterday’s Mag 7 disappointments. And Apple, though it beat expectations today, weighed down the market with Tim Cook’s comments about supply constraints, obviously a reference to the China conflict. The Fed’s continued comments regarding doubts of a December rate cut also dampened sentiment.  

Odds on Dec  ember have now been cut to 65% from 91% a week ago. Good news included the S&P enjoying its sixth straight monthly gain, its longest in four years, and the Nasdaq its seventh, the longest in seven years. The Dow also had its longest stretch in seven years with six months of gains. 315 S&P companies have now reported with 83.2% beating estimates, way above the historical average of 67%. At 21 billion shares, volume remains just a tad below the 21.1 billion average.  

DJ: 47,522.12  -109.88      NAS: 23,581.14  -377.33      S&P: 6,822.34  -68.25          10/30

DJ: 47,562.87  +40.75       NAS: 23,724.96  +143.81     S&P: 6,840.20  +17.86         10/31

Fri 10-31-25 Nasdaq ends higher on Amazon boost but hawkish Fed tone tempers enthusiasm | Reuters