TradingKey - On November 3, the three major U.S. stock indices ended mixed. A rebound in semiconductor and mega-cap tech stocks pushed the Nasdaq to snap a three-day losing streak; Apple dragged lower on weak margin guidance, causing the Dow to fall slightly. In post-market trading, AMD (AMD) reported strong results and raised its growth guidance, bringing the AI infrastructure theme back into focus.
The Dow Jones Industrial Average fell 0.38% to close at 51,792.19; the S&P 500 Index rose 0.36% to end at 7,568.92; the Nasdaq Composite Index gained 0.83% to finish at 25,372.01.
In terms of sectors and individual stocks, chip stocks rebounded broadly, with the Philadelphia Semiconductor Index rising 2.6%. Nvidia (NVDA) rose 2.29%, Broadcom (AVGO) gained 3.07%, AMD advanced 3.65%, Micron (MU) climbed 2.58%; Microsoft (MSFT), Amazon (AMZN), and Meta (META) all gained over 2%.
In commodities, Brent crude (UKOIL) closed at $104.26, down slightly by 0.07%; WTI crude (USOIL) stood at $96.75 per barrel, up 0.52%. Intertwined with U.S.-Iran diplomatic efforts and geopolitical risks around the Strait of Hormuz, oil prices remained highly volatile.
In precious metals, gold (XAUUSD) traded at $3,930, down 0.42%. The 10-year U.S. Treasury yield rose to 4.95%, up 4 basis points from the previous trading day, limiting upside in gold prices.
In cryptocurrencies, Bitcoin (BTCUSD) was quoted at around $77,454, up 0.83%.
