Stocks Finish Higher on Earnings Optimism
Update: 2025-10-31
Description
**Summary:**The US stock market closed higher on October 31, with the S&P 500, Dow, and Nasdaq all gaining. Amazon led the charge, surging over 9% after a strong earnings report. More than 60% of S&P 500 companies have reported Q3 results, exceeding expectations by over 80%. The market reacted to mixed economic data and Fed comments, with investors anticipating a potential rate cut in December. Internationally, markets showed varied results, with Europe's main index falling, China's index dipping, and Japan's Nikkei surging to a record high. Trade news provided relief after Presidents Trump and Xi agreed to extend a tariff truce. Key events on investors' radars include the Supreme Court's hearing on President Trump's reciprocal tariffs and the ongoing government shutdown. Several stocks made notable moves, with Amazon, Western Digital, and Reddit posting strong gains, while Twilio and Cloudflare surged on upbeat revenue forecasts.
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