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US Equity Markets Close Mixed as Amazon Rises on OpenAI Deal Amid Market Decline
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US Equity Markets Close Mixed as Amazon Rises on OpenAI Deal Amid Market Decline
Nov 3, 2025 1:30 PM

04:12 PM EST, 11/03/2025 (MT Newswires) -- US equity indexes closed mixed on Monday, bolstered by a surge in Amazon.com's ( AMZN ) shares following $38 billion agreement with Microsoft ( MSFT )-backed (MSFT) OpenAI, lifting the consumer discretionary and technology sectors, while most other market groups declined.

* Amazon ( AMZN ) struck a $38 billion deal through its web services arm to provide OpenAI access to Nvidia ( NVDA ) graphics processing units. The company's shares were up 3.8%, ranking it among the top performers on the S&P 500, Nasdaq, and Dow.

* The Institute for Supply Management said its U.S. manufacturing index fell to 48.7 in October from 49.1 in September, missing expectations for a rise to 49.5, according to a Bloomberg survey.

* The S&P Global US manufacturing index for October was revised up to 52.5 from an earlier reading of 52.2, topping expectations for no change, according to Bloomberg. The final figure also improved from 52.0 in September.

* December West Texas Intermediate crude oil rose $0.03 to settle at $61.01 per barrel, while December Brent crude, the global benchmark, was last seen up $0.07 to $64.84.

* IDEXX Laboratories ( IDXX ) shares rose nearly 15%, the top gainer on the Nasdaq and S&P 500, after the company reported higher Q3 earnings and revenue, and raised its 2025 guidance.

* Kimberly-Clark ( KMB ) on Monday agreed to acquire consumer health company Kenvue ( KVUE ) in a cash-and-stock deal worth about $48.7 billion, to create a global health and wellness entity. Kimberly-Clark ( KMB ) shares fell around 15%, while Kenvue ( KVUE ) rose roughly 13%.

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