RTTNews·2025-10-31 14:43Market Overview - Stocks have generally moved higher, with the Nasdaq showing a notable rebound and the Dow posting modest gains [1][2] - The Nasdaq is up 243.78 points (1.0%) at 23,824.92, the S&P 500 is up 36.16 points (0.5%) at 6,858.50, and the Dow is up 60.12 points (0.1%) at 47,582.24 [2] Company Performance - Amazon shares surged by 10.4% following better-than-expected third-quarter results, driven by a significant increase in cloud computing revenue [3] - The AWS division is highlighted as the main growth engine for Amazon, with strong demand for computing power linked to AI [4] - Netflix shares increased by 3.6% after announcing a ten-for-one stock split [4] - Apple shares edged lower despite exceeding analyst estimates in its fiscal fourth-quarter results and providing positive guidance [5] - Exxon Mobil shares declined after reporting a year-over-year decrease in third-quarter earnings due to lower oil prices [5] Sector Performance - Retail stocks experienced a substantial increase, with the Dow Jones U.S. Retail Index rising by 4.5% [8] - The NYSE Arca Computer Hardware Index climbed by 1.7% to a new record intraday high, led by Western Digital, which spiked by 8.1% after reporting better-than-expected fiscal first-quarter results [8] - Significant strength was also observed in biotechnology, airline, and semiconductor stocks, while pharmaceutical and telecom stocks moved to the downside [9] Economic Indicators - The Chicago business barometer increased to 43.8 in October from 40.6 in September, indicating continued contraction as it remains below 50 [6][7]