Yahoo Finance·2025-11-03 14:37Market Overview - US stocks showed mixed performance with the Nasdaq Composite rising about 0.5%, while the S&P 500 remained flat and the Dow Jones Industrial Average fell by 0.5% [1] - The rally in October was driven by investor interest in growth and AI-linked companies, particularly Big Tech and the "Magnificent Seven" [1] Company News - Amazon shares increased nearly 6% following a $38 billion deal with OpenAI, allowing OpenAI to utilize hundreds of thousands of Nvidia chips [2] - Nvidia shares rose over 2% due to the Amazon deal and an analyst upgrade [2] - Kimberly-Clark announced its acquisition of Kenvue for $32 billion, resulting in a 20% surge in Kenvue's stock, while Kimberly-Clark shares fell by 15% [3] Earnings Season - Approximately 300 S&P 500 companies have reported third-quarter results, with over 100 more reports expected this week, including from Palantir, Super Micro, and AMD [3] Economic Data and Government Impact - The US government shutdown is delaying key economic data releases, including the jobs report [4] - Upcoming releases from the manufacturing and services sectors are expected to carry more significance due to the lack of government data [5]