October 29, 2025 • 3 mins
Today United States stocks extended their winning streak, with the S and P five hundred rising about twenty two points, or zero point three percent, to close at a record near six thousand nine hundred ten United States dollars, while the Dow Jones Industrial Average advanced nearly two hundred seventy one points, or zero point six percent, ending just below forty eight thousand United States dollars. The Nasdaq Composite gained one hundred fifty four points, or zero point seven percent, closing around twenty three thousand nine hundred eighty United States dollars. These moves were largely driven by continued strength in large technology companies, especially Nvidia, which became the first ever five trillion United States dollar market capitalization firm after President Trump announced he will discuss Nvidia’s artificial intelligence chips with President Xi Jinping of China. This comes ahead of their much-anticipated trade meeting tomorrow, and after Nvidia cited an expected five hundred billion United States dollar opportunity in artificial intelligence chip sales.
Most notable sector performers included technology as the clear leader, propelled by strong earnings reports from Seagate, Cognizant, Teradyne, and SK Hynix. Caterpillar shares soared by nearly twelve percent following robust quarterly results and an upbeat outlook for the rest of the year. Verizon gained about four percent after reiterating positive guidance. In contrast, Boeing slipped four percent after missing earnings estimates, while Etsy dropped eight percent following disappointing results and a chief executive officer change. The biggest percentage loser was Fidelity National Information Services, which plunged forty three percent due to weak revenues and slashed earnings guidance for twenty twenty five.
Economic data took a back seat but still featured, with pending home sales unchanged for September and jobless claims data continuing to show a resilient labor market. The Federal Reserve announced a widely expected twenty five basis point interest rate cut, lowering its target to the range of three point seven five to four percent, and will end its balance sheet runoff after November in response to recent funding market stress.
Heading into tomorrow, pre-market futures suggest continued optimism, particularly as listeners await major earnings from companies like Microsoft, Google’s parent Alphabet, and Meta. The Trump–Xi summit scheduled for the morning, along with any new trade headlines, could provide fresh direction. Key economic releases to watch for include new factory orders and the latest job openings data, which may give a further sense of labor market strength. The combination of earnings and policy news will be the main catalysts as investors look for signs that the rally can persist.
Thank you for tuning in and remember to subscribe for more market briefings. This has been a Quiet Please production, for more check out quiet please dot ai.
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This content was created in partnership and with the help of Artificial Intelligence AI
Most notable sector performers included technology as the clear leader, propelled by strong earnings reports from Seagate, Cognizant, Teradyne, and SK Hynix. Caterpillar shares soared by nearly twelve percent following robust quarterly results and an upbeat outlook for the rest of the year. Verizon gained about four percent after reiterating positive guidance. In contrast, Boeing slipped four percent after missing earnings estimates, while Etsy dropped eight percent following disappointing results and a chief executive officer change. The biggest percentage loser was Fidelity National Information Services, which plunged forty three percent due to weak revenues and slashed earnings guidance for twenty twenty five.
Economic data took a back seat but still featured, with pending home sales unchanged for September and jobless claims data continuing to show a resilient labor market. The Federal Reserve announced a widely expected twenty five basis point interest rate cut, lowering its target to the range of three point seven five to four percent, and will end its balance sheet runoff after November in response to recent funding market stress.
Heading into tomorrow, pre-market futures suggest continued optimism, particularly as listeners await major earnings from companies like Microsoft, Google’s parent Alphabet, and Meta. The Trump–Xi summit scheduled for the morning, along with any new trade headlines, could provide fresh direction. Key economic releases to watch for include new factory orders and the latest job openings data, which may give a further sense of labor market strength. The combination of earnings and policy news will be the main catalysts as investors look for signs that the rally can persist.
Thank you for tuning in and remember to subscribe for more market briefings. This has been a Quiet Please production, for more check out quiet please dot ai.
For great deals check out https://amzn.to/403yeYo
This content was created in partnership and with the help of Artificial Intelligence AI
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today, United States stop today. United States stocks extended their
winning streak, with the S and P five hundred rising
about twenty two points, or zero point three percent, to
close at a record near six thousand, nine hundred ten
United States dollars, while the Dow Jones Industrial average advanced
nearly two hundred seventy one points or zero point six percent,
(00:20):
ending just below forty eight thousand United States dollars. The
Nasdaq composite gained one hundred fifty four points, or zero
point seven percent, closing around twenty three thousand, nine hundred
eighty United States dollars. These moves were largely driven by
continued strength and large technology companies, especially in Vidia, which
(00:40):
became the first ever five trillion United States dollar market
capitalization firm after President Trump announced he will discuss Nvidia's
artificial intelligence chips with President Shi Jim Ping of China.
This comes ahead of their much anticipated trade meeting tomorrow,
and after Invidia cited an expected five hundred billion UNS
United States dollar opportunity in artificial intelligence chip sales. Most
(01:05):
notable sector performers included technology as the clear leader, propelled
by strong earnings reports from Seagate Cognizant Terradyne and s
k Heinex. Caterpillar shares soared by nearly twelve percent following
robust quarterly results and an upwheat outlook for the rest
of the year. Verizon gained about four percent after reiterating
(01:28):
positive guidance. In contrast, Boeing slipped four percent after missing
earnings estimates, while Etsey dropped eight percent following disappointing results
and a chief executive officer change. The biggest percentage loser
was Fidelity National Information Services, which plunged forty three percent
due to weak revenues and slashed earnings guidance for twenty
(01:51):
twenty five. Economic data took a back seat, but still featured,
with pending home sales unchanged for September, a jobless claims
data continuing to show a resilient labor market. The Federal
Reserve announced a widely expected twenty five basis point interest
rate cut, lowering its target to the range of three
(02:12):
point seventy five to four percent and will end its
balance sheet runoff after November in response to recent funding
market stress. Heading into tomorrow, pre Market Future suggests continued optimism,
particularly as listeners await major earnings from companies like Microsoft,
Google's parent Alphabet and Meta. The Trump she summits scheduled
(02:33):
for the morning, along with any new trade headlines, could
provide fresh direction. Key economic releases to watch for include
new factory orders and the latest job openings data, which
may give a further sense of labor market strength. The
combination of earnings and policy news will be the main
(02:53):
catalysts as investors look for signs that the rally can persist.
Thank you for tuning in and remember to subscribe for
more market briefings. This has been a quiet Please production
for more check out quiet please dot ai
Today, United States stop today. United States stocks extended their
winning streak, with the S and P five hundred rising
about twenty two points, or zero point three percent, to
close at a record near six thousand, nine hundred ten
United States dollars, while the Dow Jones Industrial average advanced
nearly two hundred seventy one points or zero point six percent,
(00:20):
ending just below forty eight thousand United States dollars. The
Nasdaq composite gained one hundred fifty four points, or zero
point seven percent, closing around twenty three thousand, nine hundred
eighty United States dollars. These moves were largely driven by
continued strength and large technology companies, especially in Vidia, which
(00:40):
became the first ever five trillion United States dollar market
capitalization firm after President Trump announced he will discuss Nvidia's
artificial intelligence chips with President Shi Jim Ping of China.
This comes ahead of their much anticipated trade meeting tomorrow,
and after Invidia cited an expected five hundred billion UNS
United States dollar opportunity in artificial intelligence chip sales. Most
(01:05):
notable sector performers included technology as the clear leader, propelled
by strong earnings reports from Seagate Cognizant Terradyne and s
k Heinex. Caterpillar shares soared by nearly twelve percent following
robust quarterly results and an upwheat outlook for the rest
of the year. Verizon gained about four percent after reiterating
(01:28):
positive guidance. In contrast, Boeing slipped four percent after missing
earnings estimates, while Etsey dropped eight percent following disappointing results
and a chief executive officer change. The biggest percentage loser
was Fidelity National Information Services, which plunged forty three percent
due to weak revenues and slashed earnings guidance for twenty
(01:51):
twenty five. Economic data took a back seat, but still featured,
with pending home sales unchanged for September, a jobless claims
data continuing to show a resilient labor market. The Federal
Reserve announced a widely expected twenty five basis point interest
rate cut, lowering its target to the range of three
(02:12):
point seventy five to four percent and will end its
balance sheet runoff after November in response to recent funding
market stress. Heading into tomorrow, pre Market Future suggests continued optimism,
particularly as listeners await major earnings from companies like Microsoft,
Google's parent Alphabet and Meta. The Trump she summits scheduled
(02:33):
for the morning, along with any new trade headlines, could
provide fresh direction. Key economic releases to watch for include
new factory orders and the latest job openings data, which
may give a further sense of labor market strength. The
combination of earnings and policy news will be the main
(02:53):
catalysts as investors look for signs that the rally can persist.
Thank you for tuning in and remember to subscribe for
more market briefings. This has been a quiet Please production
for more check out quiet please dot ai
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