Nasdaq Ends Higher on Amazon Boost

On Halloween, the stock market saw a mixed bag of results, with the Nasdaq leading the way. Amazon shares soared to new heights after predicting robust sales, while Apple, despite beating expectations, saw more modest gains due to supply issues. The Federal Reserve's reluctance to lower interest rates, due to high inflation, has cast a shadow over Wall Street's optimism. Despite a high number of S and P five hundred companies beating expectations, investors have pulled back on rate cut hopes. Grocery stocks like Kroger and Walmart slid amid concerns over potential disruptions in federal food aid. However, Warner Bros Discovery, Netflix, Western Digital, and First Solar saw gains due to positive news and earnings forecasts. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.