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Market Headlines 👀 

• US personal consumption expenditures (PCE) came in at 2.1% YoY in line with expectations.

• US ADP job report showed a creation of 233k jobs far better than the market expected. Per ADP it was the best month for job creation since July 2023.

• US weekly jobless claims come in at 216k; est: 230k.

• OpenAi announces ChatGPT search to compete with Google and Perplexity.

• Alphabet (GOOGL) self driving arm Waymo valued at $45b in its latest round of funding.

• Microsoft (MSFT) has its steepest drop in two years as the street wasn’t pleased with company forecast.

• Amazon (AMZN) advertising revenue rose 19% for this quarter and had an overall upbeat earnings, shares rallying after hours.

Earnings 💸

• Amazon (AMZN)

  • EPS: $1.43 beats (exp. $1.14)

  • Revenue: $158.88b beats (exp. 157.2b)

• Apple (AAPL)

  • EPS: $1.64 beats (exp. $1.49)

  • Revenue: $94.9b beats (exp. 94.6b)

• Intel (INTC)

  • EPS: $-0.46 misses (exp. $0.02)

  • Revenue: $13.28b beats (exp. 13.02b)

• Uber (UBER)

  • EPS: $1.20 beats (exp. $0.41)

  • Revenue: $11.19b beats (exp. 10.98b)

• Peloton (PTON)

  • EPS: $0.08 beats (exp. $-0.14)

  • Revenue: $586m beats (exp. 571.7m)

• Mastercard (MA)

  • EPS: $3.89 beats (exp. $3.75)

  • Revenue: $7.37b beats (exp. 7.27b)

• Roblox (RBLX)

  • EPS: $-0.37 beats (exp. $-0.39)

  • Revenue: $1.13b beats (exp. 1.02b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Amazon earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Friday, November 1st: Non-farm payrolls and unemployment rate

• Friday earnings: Exxon Mobil (XOM), Chevron (CVX), and Wayfair (W)

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That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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