RTTNews·2025-10-29 15:34Market Performance - Major stock indices have reached new record intraday highs, with the Dow up 218.78 points (0.5%) at 47,925.15, the Nasdaq up 131.49 points (0.6%) at 23,958.99, and the S&P 500 up 14.53 points (0.2%) at 6,905.42 [1] Company Highlights - Nvidia (NVDA) has surged by 3.9%, becoming the first company with a $5 trillion market capitalization, following a 5.0% spike after announcing a $1 billion strategic partnership with Nokia (NOK) [2] - Seagate Technology (STX) has seen a significant increase of 18.7% after reporting better-than-expected fiscal first-quarter results, contributing to a 5.3% rise in the NYSE Arca Computer Hardware Index [6] Economic Indicators - The National Association of Realtors reported that pending home sales were flat in September, with the pending homes sales index unchanged at 74.8, contrary to expectations of a 1.0% increase [5] Sector Performance - Oil service stocks have surged by 2.6%, driven by a sharp increase in crude oil prices following a report of a significant drop in U.S. crude oil inventories [7] - The semiconductor, gold, and transportation sectors are also showing considerable strength, while commercial real estate stocks have declined [7] Global Market Trends - In the Asia-Pacific region, stock markets have mostly moved higher, with Japan's Nikkei 225 Index up 2.2% and South Korea's Kospi up 1.8%, both reaching new record closing highs [9] - European markets have shown mixed results, with the U.K.'s FTSE 100 Index up 0.6%, while the French CAC 40 Index and the German DAX Index are down by 0.2% and 0.6%, respectively [9]