U.S. stock markets experienced mixed movements. The Dow Jones Industrial Average fell by 0.22%, while the Nasdaq Composite increased by 0.6% and the S&P 500 climbed by 0.25%. Major tech stocks saw a collective rise, with Apple (AAPL) gaining 1%, Nvidia up by 0.64%, Tesla increasing by 0.52%, Google advancing by 0.50%, Amazon rising by 0.48%, Meta climbing by 0.42%, and Microsoft edging up by 0.03%.
Chinese stocks in the U.S. posted significant gains. Beike surged over 7%, while XPeng, Li Auto, Bilibili, and Weibo all rose by more than 5%. Additionally, iQIYI and JD.com increased by over 3%, and Alibaba and Nio saw gains of over 2%.
Netflix shares soared more than 10%, reaching a historic high and boosting its market capitalization by $32.15 billion. This leap was propelled by the company's quarterly results, which exceeded market expectations. Netflix reported third-quarter revenue of $9.825 billion, a 15% year-over-year growth, and an operating profit of $2.909 billion, a 52% increase from the previous year. The operating margin improved to 29.6% compared to 22.4% a year ago. Net profit rose to $2.364 billion from $938 million, and earnings per share hit $5.40, marking a 45% increase. The company also added 5.07 million net new paid subscribers during the quarter.
In the commodities market, spot gold rose to a record high above $2,720 per ounce and was last reported at $2,716.14 per ounce. Spot silver increased by over 2% to $32.422 per ounce. Meanwhile, international oil prices took a dive, with U.S. crude falling by over 2% and Brent crude declining by 1.88%.
