At the opening of this Friday, increases for the DOW JONES of 0.12% to 47,570 points, the S&P 500 advances 0.73%, at 6,670 points and the Nasdaq appreciates 1.44% to 23,920 points.
Wall Street is coming off a downward session yesterday, Thursday: the DOW JONES fell 0.23%, while the S&P 500 fell 0.99%. The technological Nasdaq was the hardest hit, with a drop of 1.55%, dragged down by stocks such as NVIDIA, Microsoft and Meta (Facebook) amid concerns about increased spending on artificial intelligence. In fact, Meta recorded its biggest single-day drop in three years.
Despite this, the major US stock indices are on track to close a week and a month with gains. The S&P 500 is up 0.45% so far this week through Thursday’s close, while the Nasdaq and the DOW JONES have advanced approximately 1.6% and 0.7%, respectively.
With the day remaining this Friday, October has seen the S&P 500 rise 2% so far this month. He Nasdaq has risen almost 4.1% and the DOW JONES has advanced 2.4%. The Dow is heading for its sixth consecutive month of gains, something it has not achieved since 2018.
Investors continue to digest the implications of the US-China agreement. US President Donald Trump and Chinese President Xi Jinping reached a one-year trade truce on Thursday after their meeting in South Korea. Washington agreed to reduce tariffs on China related to fentanyl by 10% effective immediately, reducing overall levies on Chinese products to about 47%. For its part, Beijing agreed to a one-year pause on rare earth export controls that it had announced earlier this month.
However, other points of disagreement, such as export controls on NVIDIA’s advanced AI chips and the sale of NVIDIA’s US operations TikTokremained unresolved.
Today was the day on which the consumer expenditure price index (PCE)which is the reference most followed by the Fed to establish its monetary policy. However, the government shutdown has caused a benchmark blackout, forcing the Fed to act almost blindly. This week the institution lowered rates by 25 percentage points, but President Jerome Powell questioned whether there could be a new cut in December.
The blackout of references is making investors pay even more attention to the third quarter earnings season. And the truth is that, having crossed its equator, it is making solid progress. Until yesterday, 278 S&P 500 companies had presented accounts, with a average increase in earnings per share of 17.3%compared to the 8.5% expected before the publication of the first company, according to calculations by Bankinter analysts. The qualitative balance is as follows: 83% exceed expectations, 4% are in line and the remaining 13% disappoint. In the last quarter (2Q) earnings per share increased 13.3%, compared to the expected 5.8%.
“We are in a period of government shutdown… so we need to take a close look at earnings and see how companies and their consumers are doing,” explains Courtney Garcia of Payne Capital Management, speaking to CNBC. “The fact that we continue to see positive results is, overall, a good sign for the economy going forward.”
Amazon and Apple pull Wall Street
Today investors especially celebrate the accounts of two of the Magnificent 7: Apple and Amazon.
Especially positive is the reception of the Amazon report, with a rise of more than 13% in shares. The technology company has exceeded expectations for the third quarter in both profits and revenues, also putting on the table a strong increase in cloud business. Earnings per share reached $1.95, compared to the expected $1.57, while revenue climbed to $180.17 billion, compared to the market’s estimate of $177.8 billion.
The company’s cloud business grew 20% to $33 billion during the third quarter, beating analyst estimates of 18.1% growth. CEO Andy Jassy stated that Amazon Web Services grew at a pace not seen since 2022.
Apple posts increases of over 2% in the pre-opening after also beating market expectations in its fourth fiscal quarter. The company earned earnings of $1.85 per share on revenue of $102.47 billion. Analysts had expected earnings of $1.77 per share and revenue of $102.24 billion.
The company also offered a strong forecast for the current quarter, driven by strong demand for its iPhone 17 line. “We expect the company’s total revenue to grow between 10% and 12% year-over-year, iPhone revenue to grow by double digits year-over-year, and we expect that to convert December quarter the best in the company’s history“said the CEO, Tim Cook.
In the energy sector, Exxon Mobil’s net earnings fell 12% to $7.55 billion ($1.76 per share), compared with $1.92 per share in the same period a year earlier. Excluding extraordinary items, the oil company recorded earnings per share of $1.88. Revenue reached $85.3 billion, compared to the $87.7 billion analysts had predicted..
Chevron yes has exceeded market expectationswith adjusted earnings per share of $1.85 and revenue of $49.73 billion. Analysts had expected $1.71 in earnings per share and $49.01 billion in revenue.
Outside of earnings season, please note that Netflix has announced a 10-for-1 stock split. Each shareholder of record at the close of trading on Monday, November 10, 2025 will receive, after the close of trading on Friday, November 14, 2025, nine additional shares for each share held.
In the analysts’ recommendations, Goldman Sachs improves the recommendation on the online gaming platform Roblox, going from ‘neutral’ to ‘buy’. In addition, it raises its target price from $155 to $180 per share, which implies a potential of almost 60%.
«Since the beginning of 2024, Roblox has roughly doubled the number of daily active users on the platform. We believe this is largely due to improvements implemented to the discovery algorithm over the past two years, especially in March of this year, when the company launched an improved version of the ‘Recommended for you’ algorithm,» says analyst Eric Sheridan.
In commodity markets, oil prices are on track for their third consecutive monthly decline, at a time when The increase in supply from the main world producers offsets the impact of Western sanctions on Russian exports.
Despite this, recovery for West Texas futures, which rose 0.86% to $61.09 per barrel, while international benchmark Brent crude gained 0.70% to $64.82.
Gold Futures gained positions, 0.68% to $4,042 per ounce.
Regarding fixed income, the American 10-year falls slightly to 1.089% while the 2-year bond places its profitability at 3.611% with a slight downward bias as well.
In forex, The dollar index is placed at 99.68 and rises 0.15% at this timewhile the Euro Dollar ratio drops 0.11% for the single currency to 1.1552 units.
And Bitcoin gains positions, 2.17% to $109,972 per asset.