S&P 500 Gains on Amazon, Apple Earnings Boost – Oct. 31, 2025
The stock market closed with notable gains as major indexes celebrated their strongest October performances in several years. The Dow Jones Industrial Average rose by 41 points, reflecting a 0.1% increase. The S&P 500 posted a gain of 0.3%, while the Nasdaq Composite surged by 0.6%. Both the S&P 500 and Dow achieved their best Octobers since 2022, and the Nasdaq experienced its strongest October since 2021.
S&P 500 Gains Driven by Earnings from Amazon and Apple
The trading day commenced with a significant boost from Amazon, which contributed to the overall market rally. This positive momentum extended throughout the afternoon, enhancing investor sentiments significantly. The yield on the 10-year Treasury note saw a slight rise, reaching 4.1%.
Market Insights and Analyst Opinions
According to Mark Hackett, chief market strategist at Nationwide, the market has faced various challenges this week, including trade news, monetary policy, and corporate earnings. Despite some skepticism regarding the sustainability of the rally, many investors remain optimistic.
- Increased skepticism about market participation exists among some investors.
- Hackett remarks on the “glass half empty” mindset among some market bears.
- Overall indicators suggest a robust market trend leading into year-end.
This year, the S&P 500 has risen over 16%. Historically, data from Dow Jones Market Data indicates that the index has increased 90.6% of the time in November and December during years when it was up by 10% or more through October, dating back to 1950.
