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US markets end mostly in green on Monday
Nov-04-2025

The US markets ended mostly in green on Monday as traders reacted to Amazon’s deal with OpenAI. The Amazon has signed a $38 billion agreement with OpenAI to provides Amazon Web Services' infrastructure to run and scale OpenAI's core artificial intelligence workloads. Further, AI darling and market leader Nvidia jumped by 2.2 percent after software giant Microsoft revealed it has secured export licenses from the Trump administration to ship Nvidia chips to the United Arab Emirates. Besides, Institute for Supply Management’s (ISM) report showing an unexpected contraction in manufacturing activity in the month of October, kept the trading sentiments subdued. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Street had expected the index to inch up to 49.5. 

On sectoral front, oil service stocks turned in a strong performance amid a modest increase by the price of crude oil, with the Philadelphia Oil Service Index jumping by 2.2 percent. Considerable strength was also visible among retail stocks amid the surge by Amazon, driving the Dow Jones U.S. Retail Index up by 1.7 percent.

Dow Jones Industrial Average fell by 226.19 points or 0.48 percent to 47,336.68, while Nasdaq climbed 109.77 points or 0.46 percent to 23,834.72 and S&P 500 rose 11.77 points or 0.17 percent to 6,851.97.

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