ZACKSยท2025-11-04 13:46Market Performance - The S&P 500 advanced approximately 1.9% in October, the Dow Jones gained 1.7%, and the Nasdaq Composite surged about 4.2% as of October 31, 2025 [1] Earnings Season - Among 222 S&P 500 companies reporting Q3 results, earnings increased by 10.7% year over year on 8% higher revenues, with 83.8% exceeding EPS estimates and 77.9% surpassing revenue forecasts; notably, 68.5% beat both metrics [3] Federal Reserve Actions - The Federal Reserve cut interest rates by a quarter percentage point for the second consecutive meeting, bringing the benchmark rate to a range of 3.75-4.00%, aimed at bolstering economic growth and strengthening the labor market [4] U.S.-China Trade Relations - Investor confidence was boosted by a meeting between President Trump and President Xi Jinping, where they reached an understanding to pause new trade tensions and resume U.S. agricultural imports [5] - China announced the end of investigations targeting U.S. companies in the semiconductor supply chain [6] Company Highlights - NVIDIA became the first company to reach a $5 trillion market cap, driven by partnerships with the U.S. Energy Department and Uber, among others, focusing on supercomputers and self-driving cars [7] Gold Market - Gold prices fell in late October, with the SPDR Gold Trust losing about 0.8% over the past week and approximately 8.7% over the last 10 days, attributed to easing U.S.-China trade tensions and a stronger U.S. dollar [8] Leveraged ETFs Performance - Tradr 2X Long NVTS Daily ETF (NVTX) increased by 172.3% over the past month, driven by a 55% surge in Navitas Semiconductor Corp [10] - Direxion Daily AMD Bull 2X Shares (AMUU) rose by 130.3%, benefiting from a 55.5% increase in Advanced Micro Devices, Inc. due to a deal with OpenAI [11] - Direxion Daily MSCI South Korea Bull 3x Shares (KORU) gained 63.3%, while Direxion Daily S&P Biotech Bull 3X Shares (LABU) increased by 40% [12][13] - GraniteShares 2x Long INTC Daily ETF (INTW) saw a rise of 37.9% [14]