Stock market today: Nasdaq, S&P 500 rebound amid Amazon cheer, jobs report
Published On Nov 1, 2024, 11:00 AM
Today, US stocks showed signs of recovery with both the Nasdaq and S&P 500 indexes rising amidst positive earnings reports from Amazon and Intel, even though the jobs report indicated a disappointing increase of just 12,000 jobs in October. Investors responded well to Amazon's bullish outlook for AI-related growth while interpreting the weak jobs data as a reason for likely Federal Reserve action on interest rates, which further buoyed the market. The Dow Jones also saw gains, contributing to an overall optimistic sentiment despite earlier sell-offs.