Dow, Nasdaq Snap Back With Triple-Digit Wins

By Patrick Martin | November 05, 2025, 4:26 PM

Stocks found some stability after all three major indexes pivoted into the black at midday, buoyed by resilient AI trade and upbeat private sector jobs data. Wall Street then got a late-session boost after the Supreme Court challenged President Donald Trump's tariffs at today's hearing.

Prediction markets saw chances the courts rule in favor of the president's tariffs plummet down to 32%. The pivot seems to have calmed investors, with the Cboe Volatility Index (VIX) logging its largest single-day decline since Oct. 20.

Continue reading for more on today's market, including:

  • AMD earnings impress, but was it enough?
  • Sports betting stocks have a big week ahead.
  • Plus, taser maker sells off; a nuclear energy stock to target; and a survey to fill out.

indexesnov5

nysenov5

5 Things to Know Today

  1. Mortgage applications fell last week, impacting demand. (CNBC)
  2. New York City Mayor-Elect Zohran Mamdani named former FTC chair Lina Khan one of four co-chairs of his transition team.(Bloomberg)
  3. Options bears cheer AXON selloff.
  4. Buy the dip signal flashingfor this nuclear energy stock.
  5. If you have a few minutes, help us by filling out this survey!
earningsnov5

uvolnov5

Rising Crude Inventories Ding Black Gold

Oil prices fell again today, weighed down by a rise in weekly U.S. crude inventories. December-dated West Texas Intermediate (WTI) crude lost $1.45, or 1.6%, to settle at $61.05 per barrel.

Gold prices bounced back today thanks to upbeat jobs data, though the safe-haven asset remains below $4,000. December-dated gold futures added 0.7% to settle at $3,989.80 per ounce.

Latest News