247Wallstยท2025-11-04 13:11Market Overview - Major indices experienced mixed results, with the NASDAQ reaching an intra-day all-time high driven by significant deal-making moves, while the S&P 500 posted a small gain [4][5] - Concerns over an AI bubble are rising, particularly following Palantir's 6.9% decline despite beating earnings expectations and providing strong forward guidance [3] Oil and Gas Sector - Oil prices increased modestly, with West Texas Intermediate closing at $61.05 and Brent Crude at $64.84, supported by OPEC+'s decision to halt production increases in January [7] - A notable $12.8 billion all-stock merger between SM Energy Co. and Civitas Resources was announced, creating one of the largest independent U.S. shale producers, indicating potential consolidation in the sector [7] Treasury Bonds - Treasury yields rose across the curve, with the benchmark 10-year note yielding 4.11%, up from 3.93% in late October, reflecting consistent selling pressure [6] Gold and Silver Market - Gold stabilized around the $4,000 level, while silver was at $48.05, with analysts suggesting that gold could rise to $4,200 and potentially $4,700 amid increased geopolitical or market risk [8] Cryptocurrency Market - Bitcoin and Ethereum continued to decline, with Bitcoin touching a support level of $106,508 and Ethereum trading near $3,591, amidst a significant $1.1 billion in cryptocurrency liquidations over two days [9] Analyst Upgrades and Downgrades - Apple Inc. was upgraded to Buy from Hold with a target price of $300 [10] - AbbVie Inc. was downgraded to Hold from Buy with a target price of $237 [12] - CyberArk Software Ltd. was downgraded to Neutral from Buy with a target price of $524 [12] - Broadcom Inc. was added to the Jefferies Franchise Picks list with a target price of $480 [12]