Yahoo Finance·2025-11-03 21:02Group 1: Market Performance - US stocks finished the first trading day of November mixed, with the Nasdaq Composite rising about 0.5% and the S&P 500 increasing nearly 0.2%, while the Dow Jones Industrial Average lost 0.5% [1] - Big Tech companies like Amazon and Nvidia saw significant gains, with Amazon shares rising over 4% to a record high and Nvidia shares increasing over 2% toward a new record [2] Group 2: Corporate Developments - Amazon struck a $38 billion deal with OpenAI, allowing the ChatGPT maker to use hundreds of thousands of Nvidia chips, contributing to the rise in both companies' stock prices [2] - Kimberly-Clark announced its acquisition of Kenvue, creating a $32 billion health and wellness company, resulting in a 14% surge in Kenvue's stock while Kimberly-Clark shares fell 13% [3] Group 3: Economic Indicators - The US manufacturing sector contracted for the eighth consecutive month, with upcoming releases on manufacturing and services sectors expected to hold more weight than usual due to the government shutdown delaying key economic data [5] - Investors are awaiting the University of Michigan's customer sentiment report, which is due out Friday, amid growing concerns about potential consumer pullback [5]