Dow Jones Today: Stocks Mostly Rise After Jumping Yesterday; Nvidia, Chip Shares Sink

Market Overview - Major stock indexes showed mixed performance, with the Dow Jones Industrial Average and S&P 500 rising by 0.8% and 0.2% respectively, while the Nasdaq fell by 0.2% [2] - The Nasdaq had a strong previous day, gaining 2.7%, marking its best performance since May [2] Economic Data - U.S. retail sales increased by 0.2% in September, falling short of the expected 0.3% [3] - The Producer Price Index (PPI) rose by 0.3%, meeting estimates, but the core PPI increased by only 0.1%, which was below expectations [3] - Consumer confidence data for November was reported at 88.7, significantly lower than anticipated, marking the worst reading since April [3] Treasury and Federal Reserve Insights - The yield on the 10-year Treasury note decreased to 4.01% [4] - The CME FedWatch tool indicates an 83% probability of a quarter-percentage point interest rate cut by the Federal Reserve in the upcoming meeting, an increase from 81% prior to the data release [4] Company-Specific Developments - Nvidia shares fell by 4% after reports that Meta Platforms may utilize Google's AI chips in its data centers, following a 2% rise the previous day [5] - Advanced Micro Devices and Micron Technology saw their shares drop by 7% and 1% respectively, while Broadcom shares decreased by nearly 1% [6] - Zoom Communications stock surged by 13% after reporting better-than-expected fiscal Q3 results and raising its full-year outlook [8][9] - Burlington Stores shares fell by 5.5% despite reporting higher net income and raising its full-year profit forecast, due to weaker-than-expected comparable sales growth of 1% [16][17] Upcoming Changes in Indexes - Sandisk is set to join the S&P 500 index, replacing Interpublic Group, with a market capitalization exceeding $33 billion [13][15] - Sandisk's stock has increased over 500% in 2025, significantly outperforming other S&P 500 components [14][15]