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Informist, Tuesday, Nov. 4, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Most US indices end higher Mon after announcement of AI deals

 

MUMBAI--0732 IST--Most US equity indices ended higher Monday due to optimism after the announcement of various deals, with the spotlight on Open AI and Amazon.com's $38-billion deal, under which the latter will supply cloud computing services to Open AI. Separately, Iren entered into an agreement with Microsoft for a multi-year $9.7-billion deal to provide the megacap technology company access to Nvidia GB300 graphics processing unit, according to media reports. 

 

Speculation about a rate cut of another 25 basis points by the Federal Reserve in December also persisted, as Fed Chair Jerome Powell said another cut in December was "not a foregone conclusion," contrary to some investors' view that it was essentially a done deal, according to a report by Reuters. 

 

The S&P 500 index closed 0.2% higher Monday, rising for the second straight session. The NASDAQ Composite index was among the biggest gainers, rising 0.5%, whereas the Dow Jones Industrial average fell 0.5%. 

 

US rare earth mining stocks fell after the White House said China had agreed to suspend sweeping export restrictions, according to a CNBC report. MP Materials fell more than 7%, USA Rare Earth and Energy Fuels shed almost 14?ch, and NioCorp Developments lost more than 11%.

 

In other news, the US Supreme Court is considering the legality of US President Donald Trump's global tariffs, with arguments set for Wednesday.

 

Following are the closing levels of US indices Friday:         

 

Index	Level	Change in %
S&P 500	6851.97	0.17
NASDAQ Composite	23834.72	0.46
Dow Jones Industrial Average	47336.68	-0.48

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.78

 

Edited by Avishek Dutta

 

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