AMD(US:AMD) Stock Market Newsยท2025-11-04 19:07Market Performance - The U.S. stock market showed mixed performance on November 4, 2025, with the S&P 500 and Nasdaq Composite closing higher, while the Dow Jones Industrial Average finished lower [1][2] - The S&P 500 gained 0.2% to close at 6,851.97 points, and the Nasdaq Composite rose 0.5% to 23,834.72 points, despite earlier declines [2] - The Dow Jones Industrial Average declined 0.5%, marking its third consecutive day of losses, closing at 47,336.68 points [2] Sector Performance - Sector performance was mixed, with six of the 11 S&P 500 sectors ending in negative territory, while consumer discretionary and technology stocks were the biggest gainers [3] - The Technology Select Sector SPDR (XLK) increased by 0.4%, and the Consumer Discretionary Select Sector SPDR (XLY) rose by 0.9% [3] - The positive movement in tech was driven by renewed optimism surrounding AI investments, although several mega-cap tech companies faced significant pullbacks [3] Company News and Stock Movements - Palantir Technologies (PLTR) shares fell 7.4% despite exceeding earnings expectations and raising revenue guidance, due to concerns over high valuation and lack of visibility for 2026 [4] - Nvidia (NVDA) experienced mixed performance, with reports indicating both a 3.2% fall and a 2.2% gain, reflecting ongoing volatility in high-growth AI stocks [5] - Microsoft (MSFT) dipped 1% despite announcing a $9.7 billion AI-compute agreement and significant data center investments [5] - Amazon (AMZN) gained 4% following a $38 billion deal to support OpenAI's AI workloads via AWS [5] - Tesla (TSLA) dropped 4% after a major investor opposed CEO Elon Musk's compensation package, while Yum Brands (YUM) rose 6.1% on potential sale of its Pizza Hut unit [6] Economic Outlook and Upcoming Events - The ongoing U.S. government shutdown is delaying key economic data releases, impacting market sentiment [7][8] - The ISM manufacturing PMI declined to 48.7 in October, marking the eighth consecutive month of contraction in the manufacturing sector [9] - Investors are closely watching the upcoming ADP employment report and consumer confidence data from the University of Michigan [9] - The Federal Reserve's next FOMC meeting is scheduled for December 9-10, 2025, with speculation of a 70% chance of another rate cut [10] Earnings Season - Over 300 S&P 500 companies have reported earnings, with Advanced Micro Devices (AMD) set to release its report after the market close [11] - Other notable companies reporting this week include McDonald's (MCD), Expedia Group, and Qualcomm (QCOM) [11]