Market Performance - US stocks experienced a rebound, with the Nasdaq Composite rising 0.6%, S&P 500 gaining 0.3%, and Dow Jones Industrial Average increasing by 0.1% [1] - All three major indexes ended the month with gains, with the Nasdaq up more than 4% for the second consecutive month, marking its seventh monthly victory [2] Company Earnings - Amazon shares surged approximately 10% to an all-time high after reporting third-quarter results that exceeded analysts' expectations, particularly driven by a 20% revenue increase in its cloud division, Amazon Web Services [3] - Apple also reached a record high following stronger-than-expected results and positive guidance for the holiday quarter [3] Tech Sector Developments - Nvidia's shares showed volatility as the company announced plans to supply up to 260,000 AI chips to South Korea's companies and government [4] - Netflix maintained its gains after announcing a 10-for-1 stock split [4] Federal Reserve Insights - Federal Reserve officials expressed differing views on interest rate policy, with some preferring to hold rates steady due to high inflation concerns [5] - Market expectations for a rate cut in December have decreased, with just over 60% now anticipating a cut, down from over 90% a week prior [6]
Stock market today: Dow, S&P 500, Nasdaq climb to cap winning month as strong earnings, easing rates fuel Amazon, tech stocks