Stock Movers: Netflix, Amazon Surge; Dexcom, Newell Brands Fall

Market Performance Overview

• 📊 The S&P 500 closed October up 2.3%, with the NASDAQ 100 gaining 4.8% for the month.
• ⚖️ Today's trading saw an even split, with 260 S&P 500 names advancing and 239 declining.
• 📉 Information technology, often a strong performer, was down approximately 0.31% today.

Top Stock Gainers

• 🚀 Amazon (AMZN) surged 9.6%, reaching a potential record close, driven by strong third-quarter results that beat expectations, particularly in its Amazon Web Services (AWS) business, and a positive forecast.
• 📈 Netflix (NFLX) rose 2.7% following the announcement of a ten-for-one stock split approved by its board, aimed at making its share price more accessible for employee options.
• ☀️ First Solar was the top performer in the S&P 500, gaining 14% after reporting third-quarter earnings per share that beat estimates and providing a narrowed full-year guidance viewed favorably given the regulatory environment.

Notable Stock Decliners

• 📉 Dexcom (DXCM) sank 14.6% after releasing a 2026 growth outlook that was perceived as cautious, though some analysts viewed it as conservative and a potential buying opportunity.
• ⚠️ Newell Brands, parent company of Graco, Rubbermaid, and Sharpie, experienced its worst day ever, falling 28%. The company cut its full-year earnings forecast and reported third-quarter results below consensus, impacted by price increases in response to tariffs.
• 💥 Luminar Technology (LAZR) shares plummeted over 45%, marking its worst day and a record low. The automotive tech company issued a going concern warning and disclosed an SEC subpoena related to an investigation into potential federal securities law violations, while exploring strategic alternatives including a sale.

Bond Market and Economic Outlook

• 🏦 Following the Federal Reserve's meeting, where a December rate cut was deemed not a certainty, the bond market remained relatively quiet.
• 📈 The 10-year Treasury yield held steady, remaining above 4% after briefly dipping below that level in the past week.

Unique Stories and Halloween Themes

• 🏦 The historic National City Bank of New York building has been repurposed for Halloween celebrations, blending finance history with seasonal festivities.
• 👻 A real estate developer plans to convert the former Pennhurst Asylum grounds into a world-class data center, transforming a haunted house attraction into a tech infrastructure hub, pending power availability.