Weekly Stock Market Update | Dow, S&P 500, NASDAQ News – November 02, 2025

The U.S. stock market had a robust week and ended the month on a positive note, thanks to strong earnings reports and easing rates that particularly benefited tech stocks. The three major indexes, namely the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, closed higher. The Nasdaq rose 0.6%, the S&P500 gained 0.3%, and the Dow increased by 0.1%. This is the Nasdaq’s seventh consecutive monthly victory and the S&P 500 and Dow’s sixth.

This week’s big gainers included Amazon, Apple, Nvidia and Netflix. Amazon’s shares rose by 10% after impressive Q3 results, particularly from its cloud division, Amazon Web Services, which saw a 20% increase in revenue. Apple’s stock also hit a record high following stronger-than-expected results. Nvidia’s shares fluctuated as it made a fresh push into South Korea’s AI market, and Netflix’s shares remained strong after the media giant announced a 10-for-1 stock split.

Another clear winner was United Parcel Service (UPS), which saw its stock soar by 10.3%. This was driven by strong Q3 results which exceeded Wall Street’s expectations, coupled with notable cost-cutting measures including significant workforce reductions.

In contrast, stocks that experienced a drop this week included Microsoft, Meta, and Nvidia. These tech giants reported increased spending outlooks that worried investors, causing a rotation out of tech stocks. As a result, Microsoft and Meta’s shares declined by 3% and over 11% respectively.

In terms of monthly performance, the S&P 500 climbed 2.3% in October, while the Nasdaq jumped 4.7% and the Dow advanced 2.5%. However, some stocks remain under pressure such as Broadcom and AMD, amid the ongoing trade volatility between the U.S. and China.

Another notable performer this week was NuScale Power, an AI and nuclear energy company. Following earnings reports from tech giants Alphabet, Amazon, Microsoft, and Meta Platforms which indicated that AI infrastructure build is not slowing, NuScale saw a significant rise in its shares – up 15.5% as of the end of this week.

U.S. equities had a relatively positive trading week, bolstered by the tech-heavy Nasdaq outperforming the Dow Jones Industrial Average and S&P 500. Amazon ticked up more than 10% this week after a robust earnings report, mainly boosted by 20% growth in its Amazon Web Services cloud unit. Conversely, Meta Platforms dipped over 11% due to investor concerns over increased capital expenditure for AI infrastructure. Google’s parent company, Alphabet, saw shares rise 2.5% after reporting its first-ever $100 billion quarterly revenue amid robust demand for AI.

Meanwhile, the Federal Reserve’s interest rate cut and advancements in the U.S.-China trade war resulted in all three major U.S indices ending the week positively. Notably, Nvidia and Apple hit major milestones, with Nvidia becoming the first U.S. company to surpass a $5 trillion market capitalization, and Apple reaching a $4 trillion market capitalization.

European stocks slipped, with the FTSE 100 and other European stocks landing in the red as traders processed the latest big tech earnings. Amazon and Apple’s strong quarterly results led the U.S market, with Amazon stock soaring over 13% after reporting third-quarter results that surpassed Wall Street forecasts. Apple reported higher-than-expected earnings and positive guidance for the December quarter.

The S&P 500 increased 2.3%, the Nasdaq went up by 4.7%, and the Dow marked its sixth consecutive month of gains with a 2.5% return. The tech-heavy Nasdaq Composite surged 0.7%, while the S&P 500 gained 0.3%. The Dow Jones Industrial Average was around the flatline.