On October 31st, the three major U.S. stock indices rose during the session and closed collectively higher, with the Nasdaq up 0.61%, the S&P 500 up 0.26%, and the Dow Jones Industrial Average up 0.09%.
All three major stock indices recorded gains for both the week and October. For the week, the Dow accumulated a gain of 0.75%, the Nasdaq rose 2.24%, and the S&P 500 increased by 0.71%.
In October, the Dow accumulated a gain of 2.51%, and the S&P 500 rose 2.27%, both marking their sixth consecutive month of gains. The Nasdaq increased by 4.70%, its seventh consecutive month of gains.
Amazon surged over 9%, reaching a record high. Tesla rose over 4%, and Netflix gained over 2%. Meta fell over 2%, Microsoft dropped over 1%, while Intel, Apple, Nvidia, and Google saw slight declines.
Previously, the company announced that its cloud computing division's revenue grew 20% in the third quarter, exceeding Wall Street expectations. Apple reported strong fourth fiscal quarter results and provided an optimistic outlook for the fourth quarter. Analysis suggested that the latest round of earnings reports, including Amazon's, temporarily alleviated market concerns about an AI bubble.
The Nasdaq Golden Dragon China Index closed up 0.53% but accumulated a loss of 4.19% in October, ending its previous five-month winning streak. Regarding individual stocks, Nio rose over 3%, XPeng Motors gained over 2%, and iQiyi increased nearly 2%. Alibaba fell over 2%, and JD.com declined nearly 1%.
On October 31st local time, Federal Reserve Governor Waller stated that despite the risk of a government shutdown, the Fed would still obtain ample data. Monetary policy should be advanced based on data guidance. He further indicated that all data suggest the correct policy path at present is to continue advancing interest rate cuts.
Federal Reserve Governor Waller said, "If the President invites me to serve as Fed Chair, I will accept the appointment."
Spot gold fell 0.51% to $4,004.02 per ounce, accumulating a gain of 3.74% in October. COMEX gold futures rose 0.06% to $4,013.4 per ounce, accumulating a gain of 3.76% in October.
