U.S. indexes rise on strong earnings, economic data

Stocks & Shares

U.S. indexes rise on strong earnings, economic data

by Jonathan Adams
November 6, 2025
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The Dow Jones Industrial Average gained 225.76 points, or 0.48%, to 47,311.00, the S&P 500 added 24.74 points, or 0.37%, to 6,796.29 and the Nasdaq Composite advanced 151.16 points, or 0.65%, to 23,499.80.

U.S. stock indexes rose on Wednesday as corporate earnings and private payrolls data were stronger than expected, while Treasury yields soared following the day’s economic data.

MSCI’s gauge of stocks across the globe gained 1.07 points, or 0.11%, to 997.89.

Private payrolls rose by 42,000 jobs in October. However, some industries such as professional business services shed jobs for a third straight month.

Aside from the private payrolls numbers, data showed U.S. services sector activity increased in October amid a solid rise in new orders.

A congressional impasse has resulted in what is now the longest-ever U.S. government shutdown, which has forced investors and the data-dependent central bank to rely on private sector indicators.

An index of semiconductors was 3% higher after dropping sharply on Tuesday. Shares of Advanced Micro Devices closed 2.5% higher after the company late Tuesday gave an upbeat revenue forecast. Among other earnings reports, drugmaker Amgen reported a profit that beat estimates and its shares added 7.8%.

Today is a bit of a relief rally you might say, said Peter Cardillo, chief market economist at Spartan Capital Securities in New York (U.S.).

The ADP numbers suggested that maybe if these numbers align with the official numbers – when they finally do come out – and that perhaps the fear over the jobs market may have been somewhat overstated, he said, referring to the ADP National Employment Report.

Investors were also paying close attention as U.S. Supreme Court justices raised doubts over the legality of President Donald Trump’s sweeping tariffs in a case with implications for the global economy.