Stock Market News for Monday, Nov. 3, 2025: Tech Stocks Fuel Nasdaq, S&P 500 to Gains
The S&P 500 weathered a mixed day on Wall Street with a ton of help from Amazon.com and other key artificial intelligence stocks.
The market benchmark rose 0.2% even though a majority of stocks and sectors in the index were down on the day. The Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average fell about 225 points, or 0.5%.
The yield on the 2-year Treasury note dropped to just below 3.6%. The 10-year yield rose to 4.1%.The big news of the day was Amazon inked a $38 billion deal to provide cloud infrastructure for OpenAI. That sent shares of the Big Tech titan surging. Shares of Nvidia and Palantir Technologies were among some of the day’s big winners.
The rest of the market was falling after the stock market’s best October performance since 2022. Communication services, materials, and real estate were the big laggards, but anything other than tech and consumer discretionary struggled to keep up.
The government shutdown marked its 34th day on Monday. The longest government shutdown was the 35-day-span from late 2018 to early 2019. This shutdown would become the longest if it holds after 9:30 p.m. Eastern time on Tuesday.
Mizuho’s Daniel O’Regan writes that a weaker-than-expected update from the Institute for Supply Management’s manufacturing survey led to an early slide in stocks on Monday.
Tonight kicks off a VERY busy week for earnings with hundreds of tech companies set to report,” O’Regan writes. “The name getting the most attention tonight has to be [Palantir].”