By William Collins, consultant in stock markets – Eurasia Business News, November 3, 2025. Article no 1874

On the stock market today, the Nasdaq index experienced a notable jump, propelled by a strong rally in Amazon’s stock.

Nasdaq Composite rose about 0.6%, closing near 23,725 points, continuing its momentum from October where it gained 4.7% led by strong tech and AI stock rallies.

S&P 500 gained roughly 0.3%, finishing around 6,840 points, buoyed by positive earnings and optimism in AI-related sectors.

Dow Jones Industrial Average was mostly flat to slightly down, fluctuating near 47,560 points with a minor decline of about 0.1%, contrasting with the tech-heavy indexes’ gains.

Amazon’s shares rose by about 4%, reaching approximately $254 per share, up nearly $10 from the previous close of $244.22. This surge reflects positive investor sentiment possibly linked to Amazon’s recent $38 billion multi-year deal with OpenAI for AI cloud computing services.

Kenvue’s stock jumped after Kimberly-Clark agreed to buy the Tylenol maker for over $40 billion. Shares in the buyer, the maker of Huggies diapers, slid 15%. 

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Nvidia shares rose over 2% toward a new record amid the news and an analyst upgrade on the stock.

Additionally, the price of gold crossed the significant psychological level of $4,000 per ounce, marking a substantial increase, likely driven by market uncertainties and demand for safe-haven assets.

Investors are watching for further updates on U.S.-China trade relations. Beijing said over the weekend it would ease export restrictions on crucial auto semiconductors made by Nexperia. U.S. chip stocks rose, and European auto shares also rallied. Microsoft said it had received long-awaited approval to export Nvidia chips to the United Arab Emirates, which has close ties to China.

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© Copyright 2025 – Eurasia Business News. Article no. 1874