FX.co ★ US Stocks Advance, Poised for Robust Monthly Gain

On the last trading day of October, U.S. stocks performed strongly, with notable gains across key indices. The S&P 500 rose by 0.6%, the Nasdaq increased by 1.2%, and the Dow Jones added approximately 40 points. This positive movement was driven by robust corporate earnings reports. Nvidia saw a 2% boost following its announcement of new partnerships with major South Korean companies. Apple increased by 0.5% after surpassing revenue expectations and providing an optimistic holiday outlook. Amazon experienced an impressive surge of nearly 11% due to its fastest growth in the cloud division in nearly three years, while Netflix rose by roughly 2.3% after revealing a 10-for-1 stock split. Chevron shares climbed 1.5% after reporting earnings and revenue that exceeded forecasts. Conversely, Exxon Mobil's shares fell by about 0.8% following a year-over-year decline in quarterly profits. Over the course of October, the S&P 500 gained over 2%, the Nasdaq jumped nearly 4.1%, and the Dow Jones advanced by 2.4%, marking the Dow's sixth consecutive monthly gain and its longest winning streak since 2018.