Benzinga Market Summary: Nonfarm Payrolls Slow In Oct. Amid Hurricanes And Strikes, Intel And Amazon Gain On Quarterly Earnings, Indexes Open Higher
Portfolio Pulse from Benzinga Newsdesk
The market opened higher as nonfarm payrolls slowed in October due to hurricanes and strikes. Intel and Amazon saw gains following their quarterly earnings reports.

November 01, 2024 | 1:54 pm
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POSITIVE IMPACT
Amazon's stock gained following a positive quarterly earnings report, contributing to the market's higher opening.
Amazon's positive earnings report likely led to increased investor confidence, resulting in a stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Intel's stock rose after reporting favorable quarterly earnings, helping lift the market at the open.
Intel's strong earnings report likely boosted investor sentiment, leading to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80