CNBC·2025-11-03 10:50Economic Overview - The first trading day of November follows a strong performance in October for the S&P 500 and Nasdaq [1] - The ongoing federal government shutdown has delayed the Labor Department's monthly employment report, leading investors to rely on private organizations like ADP for job data [1] - ADP reported an average addition of 14,250 jobs per week over the past four weeks ending October 11, with expectations of 35,000 private-sector job gains in October [1] Earnings Reports - The earnings season continues with significant reports expected, including DuPont, Eaton, and Texas Roadhouse [1] - DuPont will report third-quarter earnings following its spinoff of Qnity Electronics, which will start trading under the ticker "Q" [1] - Qnity focuses on technology solutions for the semiconductor ecosystem, benefiting from the AI boom, while DuPont will concentrate on healthcare, water, and diversified industrials [1] - Eaton, a power management systems maker, is expected to report earnings, with a focus on its business with data centers supporting AI applications [1] - Texas Roadhouse will report earnings amid challenges in the restaurant sector, particularly due to food inflation and rising beef prices [1] Company Specifics - Solstice Advanced Materials, spun off from Honeywell, began trading separately and will report earnings, with initial sales growth reported at 7% [1] - The stock of Solstice has shown volatility since its spinoff, reflecting investor sentiment regarding its focus on specialty chemicals versus Honeywell's aerospace exposure [1] - Texas Roadhouse's stock performance has been affected by fluctuations in beef prices, with recent downgrades reflecting concerns over food inflation management [1]