Stock Market Summary – November 04, 2025

IBM plans to lay off a small number of its global workforce in the fourth quarter of 2023. The CEO of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, faced skepticism in court in his bid to overturn his conviction for fraud. Eli Lilly’s stocks experienced modest growth amid ongoing negotiations with the Trump administration over drug pricing, while DuPont performed well after its recent split.

Meanwhile, Papa John’s shares fell following a report that Apollo Global withdrew its offer to take the company private. In contrast, electric aircraft company Beta Technologies saw its stocks up almost 5% after its debut on the New York Stock Exchange.

The ongoing U.S. government shutdown is set to become the longest in history while Lemonade, an AI-based insurance provider, is projected to benefit from the AI boom. However, newly listed electric vehicle manufacturers Rivian Automotive and Lucid Group face significant challenges, with their third-quarter results expected to show revenue growth but substantial losses.

Lastly, Josh Brown, CEO of Ritholtz Wealth Management, suggests that despite the S&P 500 not reflecting it, the stock market is experiencing a correction. He also predicts that the Saudi Arabian state oil company Aramco plans to leverage its cheap energy supply to position the country as a global leader in AI data centers.