Amazon, Apple Earnings Propel S&P 500 Rise: Oct. 31, 2025 Market Update
The stock market experienced a positive trend as major indexes concluded October with significant gains. On Friday, the Dow Jones Industrial Average increased by 41 points, marking a rise of 0.1%. The S&P 500 rose 0.3%, while the Nasdaq Composite saw a notable increase of 0.6%. This performance secured the best October results for the S&P and Dow since 2022, and for the Nasdaq since 2021.
Key Contributions to Market Growth
The day began with a substantial gain attributed to Amazon.com, which set a positive tone for the market as trading progressed. In addition, the yield on the 10-year Treasury note edged up slightly to 4.1%. According to Mark Hackett, chief market strategist at Nationwide, the week presented multiple challenges for bullish investors. He cited concerning developments in trade, monetary policy, and corporate earnings.
Market Sentiment and Predictions
Hackett pointed out a growing skepticism regarding market rally participation. However, he believes that many bearish concerns, seen as “glass half empty,” lack substantial evidence as previous arguments have largely diminished. He also noted that many key indicators remain favorable for market strength heading into the year-end.
Year-to-Date Performance
- The S&P 500 has recorded a gain of over 16% in 2023.
- Historically, the S&P has increased 90.6% of the time in November and December during years it gained 10% or more by the end of October, based on data dating back to 1950.
This October has showcased the resilience of the market, fueled by strong earnings from major players like Amazon. Investors are now looking closely at how these trends will continue through the end of the year.
