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S&P 500, Nasdaq rise on Amazon-OpenAI deal
Business World Philippines
|November 05, 2025
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence (AI)-related deals driving much of the gains even as the US Federal Reserve's near-term monetary policy grew increasingly foggy due to scarcity of official US economic data.
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Tech and tech-related firms helped boost the Nasdaq to the biggest gain. Healthcare companies UnitedHealth Group and Merck, falling 2.3% and 4.1%, respectively, held the Dow in negative territory.
Among the major drivers to the upside, Amazon announced it struck a $38-billion deal with OpenAI to allow the ChatGPT maker torunand scale its artificial intelligence workloads on Amazon Web Services’ cloud infrastructure. Amazon’s stock advanced 4%.
Nvidia shares gained 2.2% after US President Donald J. Trump said the AI chipmaker’s most advanced microchips will be reserved for US companies and kept out of China and other countries.
Diese Geschichte stammt aus der November 05, 2025-Ausgabe von Business World Philippines.
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