Inventory market replace, reported as of 4 pm ET on October 29, 2025
After recording one more spherical of recent highs, the three main indices closed on a combined observe earlier than the shut, buoyed by the Federal Reserve’s price minimize announcement.
- The S&P 500, which had recorded good points by noon, closed simply 0.30 factors decrease, however not with out experiencing important good points from robust earnings in varied sectors.
- The Nasdaq Composite remained robust with inventory good points in Palantir and Nvidia and closed 0.6% greater.
- The Dow Jones Industrial Common, nonetheless, slipped 0.2% proper towards the market shut, together with the Russell 2000, which reported a 0.9% decline.
The Fed price announcement got here within the afternoon, an anticipated quarter-point minimize, resulting in a spread of three.75-4%. Whereas the market nonetheless needs another price minimize in December, Fed Chair Jerome Powell threw doubt on the chance.
On a world degree, the Asia-Pacific Financial Cooperation (APEC) Summit in South Korea started at the moment, with South Korean President Lee Jae Myung presenting President Donald Trump with a reproduction of a historic gold crown, marking what he believes would be the begin of a golden age of the South Korean-US alliance.
Following a 21-gun salute welcome and the taking part in of the YMCA on the crimson carpet, the U.S. lowered import tariffs on South Korean items to fifteen% from 25%. On the similar time, South Korea agreed to speculate $20 billion a yr in money and $150 billion in American shipbuilding operations.
Palantir’s inventory is up 162% year-to-date.
Reynolds/AFP by way of Getty Photos
A geopolitical easing of tensions was mirrored in gold costs, which declined for a 3rd consecutive day. After rising throughout early buying and selling hours, the costs closed 1% decrease.
Nevertheless, let’s not overlook probably the most talked-about occasion: Nvidia grew to become the primary firm to succeed in a $5 trillion valuation, fueled by the AI increase.
Nvidia’s impression and new offers have been unveiled at its very profitable GTC convention in Washington, DC. Palantir, which collaborated with Nvidia, noticed a inventory achieve of 4.8%.
Different notable inventory movers have been CoreWeave, up 3.8% and Fiserv, whose inventory plummeted 44% intraday.
Listed below are probably the most lively shares at the moment
5 S&P 500 shares making massive strikes at the moment are:
- Teradyne Inc: +20.5%
- Seagate Know-how Holding: +19.1%
- Western Digital Corp: +13.2%
- Centene Corp: +12.5%
- Caterpillar Inc: +11.6%
The worst-performing 5 S&P 500 shares at the moment are:
- Fiserv: -44%
- Smurfit WestRock PLC: -12.2%
- Garmin Ltd: -11.5%
- Verisk Analytics Inc: -10.4%
- CoStar Group Inc: -9.9%
Shares additionally value noting embrace:
- Adobe: -6.1%
- PayPal: – 4.6%
- Palantir: +4.6%
- Nvidia: +3.0%
- Broadcom: +3.5%
CoreWeave enters the Federal Cloud
In a brand new announcement on Wednesday, October 29, CoreWeave introduced its plans to develop into the US federal market, unveiling CoreWeave Federal.
The inventory of the AI cloud supplier rose 3.5% at the moment following the announcement, marking a 28% quarterly enhance in inventory worth.
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America’s financial competitiveness and nationwide safety depend on the continued development of safe, high-performance AI infrastructure.
Michael Intrator, Co-founder and CEO, CoreWeave.
CoreWeave, which plans to accumulate CoreScientific to solidify its place within the AI cloud infrastructure area, is now poised to ship safe, high-performance AI cloud companies to authorities companies and companions inside the protection industrial base.
“We will bring our platform to the federal market in alignment with the government’s rigorous standards to help agencies accelerate innovation and strengthen mission performance. We look forward to expanding our partnerships with agencies and integrators to deliver outcomes that matter for the nation,” mentioned CoreWeave CEO Michael Intrator.
The information was shared as a part of the NVIDIA GTC GPU Know-how Convention in Washington, DC.
Palantir and Nvidia strengthen ties
Palantir inventory climbed 4.8% on Wednesday, including to its 342% year-to-date rally, buoyed by a brand new partnership with Nvidia.
On the GTC Convention in Washington, DC, Nvidia introduced a collaboration with Palantir Applied sciences to construct “a first-of-its-kind integrated technology stack for operational AI,” which is able to “accelerate and optimize complex enterprise and government functions,” learn the official assertion.
Associated: Palantir quietly makes huge AI battle play
Nvidia’s CEO Jensen Huang described it as a “next-generation engine to fuel AI-specialized applications and agents that run the world’s most complex industrial and operational pipelines.”
“Palantir is focused on deploying AI that delivers immediate, asymmetric value to our customers.” Alex Karp, co-founder and CEO Palantir Applied sciences.
Extra just lately, Palantir additionally made headlines after Purple Cat, a drone and robotics firm, efficiently examined its Black Widow drone geared up with Palantir’s Visible Navigation Software program.
The take a look at revealed that the drone, a part of the US Military’s Quick Vary Reconnaissance program, is able to navigating in GPS-denied environments.
Fiserv hit its lowest, post-earnings
Fiserv, a world monetary know-how and funds firm, recorded its lowest inventory worth at $66.58 on Wednesday after its inventory plummeted 44% intraday.
This was pushed by weaker-than-expected Q3 outcomes on October 29, which additionally led to a minimize in its earnings outlook.
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Fiserv, recording a 50% quarterly inventory decline, introduced a number of misses within the Q3 earnings:
- Adjusted income of $4.92 billion, solely a 1% year-over-year enhance.
- Adjusted earnings per share (EPS) of $2.04, which decreased 11% yoy.
- Adjusted working margin was 37%, down from its Q3 2024 of 40.2%.
- Repurchased 7.2 million shares for $1 billion.
Whereas the corporate’s Service provider Options phase noticed modest progress, up $5, the Monetary Options phase noticed a 3% decline.
Our present efficiency just isn’t the place we wish ti to be nor the place our stakeholders count on it to be.
Mike Lyons, CEO Fiserv
Nevertheless, Lyons seemed optimistic about its future progress and potential for evolution within the dynamic e-commerce panorama.
“As the world’s largest Fintech, Fiserv has the size, scale, and suite of innovative products, networks, and platforms, including Clover, to capitalize on the rapidly evolving finance and commerce landscape. With the actions being announced today, Fiserv will be better positioned to drive sustainable, high-quality growth and reach our full potential,” Fiserve CEO Mike Lyons mentioned.
Nevertheless, analysts are bearish, with BTIG analyst Andrew Harte downgrading Fiserv to Impartial from Purchase, stating, “a laundry list of reasons to not own the stock for the foreseeable future.” The analyst additionally famous that it has misplaced its “high quality” with an “abruptly upended” 39-year streak of double-digit EPS progress, as indicated by TheFly.
Wolfe Analysis additionally downgraded Fiserv to Peer Carry out from Outperform and eliminated its prior $160 worth goal following the Q3 outcomes. Analysts observe {that a} mixture of weaker outcomes throughout segments and Fiserv’s acknowledgement that progress has been working at mid-single digit since 2023 factors to “too much uncertainty in the medium-term.”
Together with its Q3 monetary report, Fiserv additionally introduced important management adjustments, naming Paul Todd as CFO and appointing Takis Georgakopoulos and Dhivya Suryadevara as Co-Presidents.
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