Week in review: The Fed lowered interest rates, 2 portfolio stocks hit milestones
Update: 2025-11-01
Description
Stocks surged in October, with the S&P 500, Nasdaq, and Dow all finishing higher for the week. The Federal Reserve cut rates by a quarter point, but Powell hinted at no December cut. Tech giants like Amazon, Microsoft, and Meta drove investor attention, with Nvidia reaching a five trillion dollar market value and Apple hitting four trillion. Trade talks between Trump and Xi led to a one-year deal, causing market swings. Individual stocks saw major moves as companies reported results, with Danaher surging and Boeing's shares dropping. The S&P 500 gained 2.3% in October, while the Nasdaq rose 4.7%. The Dow notched its sixth straight month of gains for the first time in six years. As we head into November, investors will closely watch markets for big milestones and rate cut debates.
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