Benzingaยท2025-11-03 03:04Market Overview - U.S. stocks experienced gains on Friday, with the Nasdaq Composite increasing by over 100 points, driven by strong earnings from major companies [1] - The S&P 500 rose by 2.3% and the Dow increased by 2.5% in October, while the Nasdaq saw a significant jump of 4.7% during the same period [1] Company Performance - Amazon.com Inc. reported a remarkable 10% surge in its stock price after announcing impressive earnings, with AWS revenue increasing by 20% year over year to $33 billion [2] - Apple Inc. shares declined slightly as enthusiasm over iPhone 17 sales was dampened by weaker demand in China [2] Sector Performance - Most sectors within the S&P 500 closed negatively, with consumer staples, materials, and utilities experiencing the largest losses [3] - Conversely, consumer discretionary and energy sectors performed well, closing higher despite the overall market trend [3] Economic Indicators - Baker Hughes reported a decrease in oil rigs, falling by six to a total of 414 this week [2] Upcoming Earnings - Investors are anticipating earnings results from Williams Companies Inc., Goodyear Tire & Rubber Co., and ON Semiconductor Corp. [4] Fear & Greed Index - The CNN Business Fear & Greed Index recorded a reading of 35.4, remaining in the "Fear" zone, slightly down from a previous reading of 35.7 [5]