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U.S. stock markets closed higher on Friday supported by the strong earnings results of artificial intelligence (AI)-centric big corporates. All three major stock indexes ended in positive territory. For both last week and last month, these indexes finished in green too.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.1% to close at 47,562.87. Notably, 16 components of the 30-stock index ended in negative territory, while 14 finished in positive territory. At the intraday high, the blue-chip index was up 196.26 points and at the intraday low, it was down 174.92 points.
The tech-heavy Nasdaq Composite finished at 23,724.96, advancing 0.6% or 143.81 points driven by the strong performance of AI bigwigs. At the intraday high, the tech-laden index was up 365.10 points.
The S&P 500 gained 0.3% to finish at 6,840.20. Out of the 11 broad sectors of the broad-market index, seven ended in positive territory, while four were in negative territory. The Consumer Discretionary Select Sector SPDR (XLY) and the Energy Select Sector SPDR (XLE) rose 2.6% and 0.7%, respectively. On the other hand, the Utilities Select Sector SPDR (XLU) fell 0.7%.
The fear gauge, the CBOE Volatility Index (VIX) was up 3.1% to 17.44. A total of 21.03 billion shares were traded on Friday, lower than the last 20-session average of 20.13 billion. Advancers outnumbered decliners on the NYSE by a 1.28-to-1 ratio. On the Nasdaq, a 1.42-to-1 ratio favored advancing issues. The S&P 500 recorded 17 new 52-week highs and 34 new 52-week lows. The Nasdaq Composite registered 71 new 52-week highs and 159 new 52-week lows.
Solid Q3 Earnings Results for AI Bigwigs
Global e-commerce giant Amazon.com Inc. (AMZN - Free Report) reported third-quarter 2025 adjusted earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.58. This compares to earnings of $1.43 per share a year ago. The company posted quarterly revenues of $180.17 billion, surpassing the Zacks Consensus Estimate by 1.29%. This compares to year-ago revenues of $158.88 billion. AMZN’s top-line has been benefiting from steady momentum in Prime and Amazon Web Services.
Internet software bigwig Twilio Inc. (TWLO - Free Report) came up with quarterly adjusted earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.02 per share a year ago. The company reported quarterly revenues of $1.3 billion, surpassing the Zacks Consensus Estimate by 3.90%. This compares to year-ago revenues of $1.13 billion.
Leading computer storage devices maker Western Digital Corp. (WDC - Free Report) reported first-quarter fiscal 2026 adjusted earnings of $1.78 per share, outpacing the Zacks Consensus Estimate of $1.59. This compares to earnings of $0.75 per share a year ago. The company posted quarterly revenues of $2.82 billion, surpassing the Zacks Consensus Estimate of $2.72 billion. The metric jumped 27% year over year.
Consequently, the stock prices of Amazon, Twilio and Western Digital jumped 9.6%, 19.5% and 8.8%, respectively. Western Digital currently sports a Zacks Rank #1 (Strong Buy) and Amazon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Weekly Roundup
Last week was impressive for Wall Street. The Dow, the S&P 500 and the Nasdaq Composite were up 0.8%, 0.7% and 2.3%, respectively. The Fed’s second cut in the benchmark lending rate and the summit meeting between President Trump and China’s Xi Jinping bolstered investors’ sentiments.
Monthly Roundup
October is generally known as a tough month for Wall Street. But this year, October turned out to be an excellent one for market participants. Solid earnings results, especially by tech bigwigs which use AI extensively and higher AI capex evaporate market participants’ concerns that the AI bubble is likely to burst any time soon. This situation also solidified the future guidance by AI infrastructure developers and chip makers, original equipment manufacturers (OEMs) and nuclear power producers and OEMs.
The Dow advanced 2.5% reflecting its sixth straight monthly gain and its longest monthly winning streak since January 2018. The S&P 500 gained 2.3%, marking its sixth successive monthly gain and its longest monthly winning run since August 2021. The Nasdaq Composite added 4.7% to close seven consecutive months in green, its longest since early 2018.
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Stock Market News for Nov 3, 2025
U.S. stock markets closed higher on Friday supported by the strong earnings results of artificial intelligence (AI)-centric big corporates. All three major stock indexes ended in positive territory. For both last week and last month, these indexes finished in green too.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.1% to close at 47,562.87. Notably, 16 components of the 30-stock index ended in negative territory, while 14 finished in positive territory. At the intraday high, the blue-chip index was up 196.26 points and at the intraday low, it was down 174.92 points.
The tech-heavy Nasdaq Composite finished at 23,724.96, advancing 0.6% or 143.81 points driven by the strong performance of AI bigwigs. At the intraday high, the tech-laden index was up 365.10 points.
The S&P 500 gained 0.3% to finish at 6,840.20. Out of the 11 broad sectors of the broad-market index, seven ended in positive territory, while four were in negative territory. The Consumer Discretionary Select Sector SPDR (XLY) and the Energy Select Sector SPDR (XLE) rose 2.6% and 0.7%, respectively. On the other hand, the Utilities Select Sector SPDR (XLU) fell 0.7%.
The fear gauge, the CBOE Volatility Index (VIX) was up 3.1% to 17.44. A total of 21.03 billion shares were traded on Friday, lower than the last 20-session average of 20.13 billion. Advancers outnumbered decliners on the NYSE by a 1.28-to-1 ratio. On the Nasdaq, a 1.42-to-1 ratio favored advancing issues. The S&P 500 recorded 17 new 52-week highs and 34 new 52-week lows. The Nasdaq Composite registered 71 new 52-week highs and 159 new 52-week lows.
Solid Q3 Earnings Results for AI Bigwigs
Global e-commerce giant Amazon.com Inc. (AMZN - Free Report) reported third-quarter 2025 adjusted earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.58. This compares to earnings of $1.43 per share a year ago. The company posted quarterly revenues of $180.17 billion, surpassing the Zacks Consensus Estimate by 1.29%. This compares to year-ago revenues of $158.88 billion. AMZN’s top-line has been benefiting from steady momentum in Prime and Amazon Web Services.
Internet software bigwig Twilio Inc. (TWLO - Free Report) came up with quarterly adjusted earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.02 per share a year ago. The company reported quarterly revenues of $1.3 billion, surpassing the Zacks Consensus Estimate by 3.90%. This compares to year-ago revenues of $1.13 billion.
Leading computer storage devices maker Western Digital Corp. (WDC - Free Report) reported first-quarter fiscal 2026 adjusted earnings of $1.78 per share, outpacing the Zacks Consensus Estimate of $1.59. This compares to earnings of $0.75 per share a year ago. The company posted quarterly revenues of $2.82 billion, surpassing the Zacks Consensus Estimate of $2.72 billion. The metric jumped 27% year over year.
Consequently, the stock prices of Amazon, Twilio and Western Digital jumped 9.6%, 19.5% and 8.8%, respectively. Western Digital currently sports a Zacks Rank #1 (Strong Buy) and Amazon currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Weekly Roundup
Last week was impressive for Wall Street. The Dow, the S&P 500 and the Nasdaq Composite were up 0.8%, 0.7% and 2.3%, respectively. The Fed’s second cut in the benchmark lending rate and the summit meeting between President Trump and China’s Xi Jinping bolstered investors’ sentiments.
Monthly Roundup
October is generally known as a tough month for Wall Street. But this year, October turned out to be an excellent one for market participants. Solid earnings results, especially by tech bigwigs which use AI extensively and higher AI capex evaporate market participants’ concerns that the AI bubble is likely to burst any time soon. This situation also solidified the future guidance by AI infrastructure developers and chip makers, original equipment manufacturers (OEMs) and nuclear power producers and OEMs.
The Dow advanced 2.5% reflecting its sixth straight monthly gain and its longest monthly winning streak since January 2018. The S&P 500 gained 2.3%, marking its sixth successive monthly gain and its longest monthly winning run since August 2021. The Nasdaq Composite added 4.7% to close seven consecutive months in green, its longest since early 2018.