AAPL & AMZN Push SPX Higher, NFLX 10-for-1 Stock Split & SNAP Benefits Ending

Group 1: Mega Cap Tech Earnings - Amazon's stock is up approximately $30, representing a 12-13% increase at the start of the day [2] - Apple exceeded earnings expectations, which many analysts believed they could not achieve [2] - Positive sentiment surrounding Amazon and Apple is expected to dominate discussions throughout the day [11] Group 2: Government Shutdown Impact - The government shutdown has reached day 31, with significant implications for SNAP payments affecting 41.7 million Americans, or about 1 in 8 U.S. citizens [3][4] - The cessation of these payments will occur throughout November, marking a critical development in the ongoing government shutdown [3] Group 3: Market Developments - The upcoming OPEC Plus meeting on November 2 is anticipated to result in an increase of 137,000 barrels per day in output, aimed at regaining market share lost to U.S. shale producers [5] - Netflix announced a 10-for-1 stock split, which is not the first for the company, as it has previously executed splits in 2004 and 2015 [6][8] - The stock split is expected to generate increased trading interest, despite skeptics arguing that splits do not add intrinsic value to the company [9][10] Group 4: Overall Market Sentiment - The month has been characterized as a winning month for Wall Street, with records being set across various indices [8][12] - If the S&P and NASDAQ finish positively today, it will mark a higher closing for the month [9]