Yahoo Finance·2025-11-03 16:25Group 1: Market Performance - The S&P 500 and Nasdaq started November positively, driven by AI deals that boosted major companies like Amazon and Nvidia [1] - Nvidia's stock rose by 2.5% following President Trump's announcement regarding chip reservations for U.S. companies and Microsoft's export licenses [2] - The S&P 500 and Nasdaq experienced their longest monthly winning streaks in years, reflecting optimism around AI spending [3] Group 2: Company Developments - Amazon reached a record high after securing a multi-year $38 billion deal to provide cloud services to OpenAI, enabling access to Nvidia's graphics processors [1] - Kenvue's shares surged by 17.4% after Kimberly-Clark announced its acquisition of the Tylenol maker in a deal valued at over $40 billion [4] - Kimberly-Clark's stock fell by 11.8% following the acquisition announcement [4] Group 3: Economic Indicators - The consumer discretionary and information technology sectors saw gains of 1.9% and 0.5%, respectively, while most other sectors declined [4] - U.S. manufacturing contracted for the eighth consecutive month in October, indicating subdued new orders [7]