Market Overview - The Dow Jones Industrial Average surged to a record high close, driven by progress toward ending the U.S. government shutdown, while Nvidia and other AI-related companies faced renewed valuation concerns [8] - The S&P 500 climbed 0.21% to end at 6,846.61 points, while the Nasdaq declined 0.25% to 23,468.30 points [2][3][8] - The Dow has gained almost 13% in 2025, lagging behind the S&P 500's 16% rise and the Nasdaq's nearly 22% increase [8] Sector Performance - Ten of the 11 S&P 500 sector indexes rose, with health care leading the way, up 2.33%, supported by gains in Eli Lilly, Johnson & Johnson, and AbbVie, each rising more than 2% [8] - Occidental Petroleum edged up 0.1% after beating third-quarter profit expectations [8] - Paramount Skydance surged almost 10% following the announcement of cost cuts and plans to invest $1.5 billion in its streaming and studio divisions [8] Employment Data - Sentiment was dampened by ADP's preliminary payroll figures indicating that private employers shed an average of 11,250 jobs per week for the four weeks ended October 25 [8] Market Sentiment - Advancing issues outnumbered falling ones within the S&P 500 by a 2.2-to-one ratio, with the S&P 500 posting 30 new highs and two new lows, while the Nasdaq recorded 104 new highs and 128 new lows [7][8] - U.S. bond markets were closed for the Veterans Day holiday, resulting in light trading volume of 15.3 billion shares, compared to an average of 20.8 billion shares over the previous 20 sessions [7][8]

Market Overview - The S&P 500 and NASDAQ futures are down over 1% following Palantir's 6.9% decline despite beating earnings expectations and providing strong forward guidance, raising concerns over an AI bubble [2] - The Dow Jones Industrial Average traded lower due to weakness in Merck Inc. and UnitedHealth Group Inc., while the NASDAQ surged to a new record high driven by major technology stocks [2] - Amazon.com jumped nearly 4% after announcing a $38 billion deal with OpenAI, utilizing chips from NVIDIA, indicating continued strength in mega-cap technology [2] Treasury Bonds - Treasury yields increased across the curve, with the 10-year note finishing at a 4.11% yield, up from 3.93% in late October, reflecting consistent selling pressure [3] - The combination of a rich stock market and a hawkish Federal Reserve is driving investors towards the 10-year note as a safe haven [3] Oil and Gas Sector - Oil prices rose 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 [4] - SM Energy Co. and Civitas Resources announced a $12.8 billion all-stock merger, creating one of the largest independent U.S. shale producers, signaling potential consolidation in the sector [4] Cryptocurrency Market - The cryptocurrency market experienced a sell-off, with Bitcoin and Ethereum trading lower, indicating ongoing volatility in this sector [5]