Amazon(US:AMZN) The Economic Times·2025-11-04 01:54Market Overview - The S&P 500 and Nasdaq closed higher, driven by artificial intelligence-related deals, despite uncertainty in the Federal Reserve's near-term monetary policy due to a lack of economic data [7] - The S&P 500 gained 12.52 points (0.18%) to end at 6,852.72 points, while the Nasdaq Composite rose by 109.77 points (0.46%) to 23,834.72 points; however, the Dow Jones Industrial Average fell by 218.88 points (0.46%) to 47,343.99 [3][7] M&A Activity - Amazon announced a $38 billion deal with OpenAI to run and scale its AI workloads on Amazon Web Services, significantly boosting its stock [7] - Kimberly-Clark's shares declined after the announcement of its acquisition of Kenvue, the maker of Tylenol, for over $40 billion [7] Economic Indicators - The Institute for Supply Management and S&P Global released purchasing managers' indexes indicating ongoing uncertainty in U.S. factories due to Trump's tariff policies [7] - The upcoming ADP National Employment index is expected to provide insights into the U.S. labor market amid the ongoing government shutdown [2][7] Earnings Season - Over 300 companies in the S&P 500 have reported their third-quarter earnings, with 83% surpassing analysts' estimates according to recent LSEG data [5][7]