Stock Market Update – November 3, 2025
Happy Monday! It’s November 3, and here’s what’s happening in the stock market today. Be sure to check out our live blog for the latest updates.
Today marks a significant milestone for the spinoff, particularly for DuPont and Honeywell. DuPont is down by 57%, while Honeywell has dropped 1.6%. Both companies are undergoing changes, having both recently joined the S&P 500.
At midday, things aren’t looking great overall for U.S. stocks—about 60.9% of them are down, with 234 hitting new lows. Alarmingly, 61.6% of stocks are below their 50-day simple moving average, and close to half are under the 200-day average, which can be a concerning indicator.
Focusing on larger stocks, those with at least $2 billion in market capitalization, we’ve got some notable intraday moves. Crypto Mining is soaring by 22.6% after striking a $5.5 billion deal with Amazon Web Services for AI infrastructure. Following that, Idex Laboratories is up 15%. There’s also positive movement in the semiconductor sector; Amkor is up 14.7%, and Kenview has climbed 14.5%.
On the downside, DuPont de Nemours has plunged 58% following the spin-off of its electronics arm, Qnity. We actually spoke with Qnity’s new CEO not long ago. Kimberly Clark is facing its own troubles, down 13.5%, and Vertex Co., Ltd. has dipped 13% after reporting earnings. A variety of speculative tech stocks are also experiencing declines.
At noon, the Nasdaq Composite is up 0.64%, indicating some resilience, while the S&P 500 has regained some early losses, rising 0.24%. The positive news stems from Amazon’s $38 billion agreement with OpenAI for Nvidia chips.
Speaking of Amazon, they reported a significant cloud contract with OpenAI that has pushed their stock up by over 3% today.
Another interesting development is that Microsoft has announced a “multi-billion dollar” agreement with a cloud startup, Lambda, focused on leveraging Nvidia graphics processors, although specific details were kept under wraps.
Meanwhile, Pfizer is facing new legal challenges as another lawsuit is filed against Novo Nordisk related to its $4.9 billion acquisition of Metsala, a biotech company. Pfizer argues that Novo’s weight loss proposal could hinder competition.
The U.S. markets are open, and currently, all four major indexes are in the green. The Nasdaq Composite has gained 1.03%, and the S&P 500 is up 0.49%. The Dow, on the other hand, is just barely positive at 0.04%, while the Russell 2000 has slipped 0.45% from Friday’s numbers.
The October ISM Manufacturing Index fell to 48.7, down from 49.1 in September. This occurred despite some encouraging signs in manufacturing employment, new orders, and prices.
Interestingly, the S&P Global Manufacturing PMI Final Value saw a slight increase to 52.5 from 52.0, providing a glimmer of hope.
This past Thursday and Friday, the market observed the Hindenburg Omen, an indicator that could suggest a potential market crash. This was particularly notable as it was the first reading since March, right before a significant downturn in the markets.
Kenview and Kimberly Clark are making headlines—Kenview is up 18% while Kimberly appears to be struggling at -14.8%. Other notable moves this week include MongoDB, which surged 7% following their CEO’s resignation announcement.
As for pension and life insurance companies, they seem to be seeing less pronounced movements, aside from Kimberly Clark. Brighthouse Financial is down 4.5%, reportedly for possible sale to Sixth Street Asset Management.
Good morning once again, and welcome November. Stock futures seem calm today, following a busy week of earnings and Fed updates. October ended with the S&P 500 marking its sixth consecutive month of gains.
This morning, over 20 earnings reports have come out, with major names including Idex Laboratories, Ares Management, and Public Service Entertainment leading the way.
This morning’s notable reports include the ISM Manufacturing PMI scheduled for release at 11 a.m. ET and the S&P Global Manufacturing PMI at 10:45 a.m. Traders will closely monitor these, hoping for better numbers than last month.
And expect the usual flurry of activity from social media following the release of the Total Household Debt report at noon. Given that this tends to trend upward, it’s likely that alarmists will seize on this information.
This afternoon’s agenda also includes auctions for three-month and six-month Treasury bills and statements from the Fed at 1 p.m. ET, as well as Mr. Cook at 3 p.m. Lastly, we’ll also be seeing Total Vehicle Sales figures for October.
