Amazon(US:AMZN) Di Yi Cai Jing Zi Xun·2025-10-31 22:48Market Overview - Major U.S. stock indices closed higher, with the Nasdaq up 0.6% due to Amazon's optimistic earnings outlook alleviating concerns over excessive spending in the AI sector [1] - The Dow Jones Industrial Average rose by 40.75 points, or 0.09%, closing at 47,562.87 points, while the S&P 500 and Nasdaq gained 0.26% and 0.61%, respectively [1] - Over the week, the Dow increased by 0.75%, the Nasdaq by 2.24%, and the S&P 500 by 0.7%, marking the longest consecutive monthly gains for these indices since early 2018 and 2021 [1] Federal Reserve and Interest Rates - The Federal Reserve announced a 25 basis point rate cut, aligning with expectations, but Chairman Powell indicated that another cut in December is not guaranteed [2] - Market expectations for another rate cut have decreased, with the probability now at 62.8%, down from 91% a week prior [2] - Several regional Fed presidents expressed concerns about inflation remaining above the 2% target, suggesting that further rate cuts may be difficult without clear evidence of declining inflation [2] Individual Stocks - Amazon's stock surged by 9.6%, reaching a historical high, driven by a forecast of quarterly sales exceeding market expectations, particularly due to strong growth in its cloud computing segment [3] - Apple shares fell by 0.4%, despite exceeding Wall Street's expectations for holiday iPhone sales, as CEO Cook highlighted supply chain constraints [3] - Netflix rose by 2.7% following the announcement of a 1-for-10 stock split [4] - Other notable tech stocks included Tesla up 3.7%, Oracle up 2.2%, while Microsoft and Meta saw declines of 1.5% and 2.7%, respectively [4] Sector Performance - The Nasdaq China Golden Dragon Index increased by 0.5%, with NetEase up 0.7%, while Baidu, JD.com, and Alibaba experienced declines [5] - International oil prices rebounded slightly, with WTI crude oil rising to $60.98 per barrel, while Brent crude oil increased to $65.07 per barrel [6] - Gold prices saw a minor decline, with COMEX gold futures dropping to $3,982.20 per ounce [6]