① US stock futures rose across the board; ② Amazon AWS to invest $5 billion in South Korea to build AI data center . ③ Boeing The company's revenue in the third quarter was $23.27 billion.
On Wednesday, futures for the three major U.S. stock indexes rose across the board, while most major European indices also gained.
(Source: Investing.com)
Major stock indices have hit record highs for the second consecutive day. Investors generally believe that the upward momentum of the stock market will continue as long as it can successfully overcome a series of key challenges this week.
The Federal Reserve will announce its interest rate decision at 2:00 AM Beijing time on Thursday, followed by a press conference by Fed Chairman Jerome Powell at 2:30 AM.
Given that the Federal Reserve is almost certain to cut interest rates by 25 basis points, investors are focused on two questions: when will the Fed stop shrinking its $6.6 trillion balance sheet, and whether there is a possibility of another rate cut in December.
Three of the seven giants – Microsoft Google and Meta—all three tech giants—will release their latest earnings reports after the market closes. Any disappointing results from these tech giants could drag down the overall market.
Despite ongoing risks such as a US government shutdown, overvaluation, and uncertainty surrounding the trade situation, analysts warn against betting on a stock market downturn.
“I expect market enthusiasm to continue this week,” Lauren Goodwin, chief market strategist at New York Life Investments, said in an interview on Tuesday. “I think the market will remain open until the end of the year.”
Nvidia If the stock price rises more than 3% in pre-market trading and maintains this level until the market opens, it will become the first company to surpass a market capitalization of $5 trillion, further solidifying its position as the world's most valuable company.
Company News
Amazon Web Services to invest $5 billion in South Korea to build artificial intelligence. Data Center
On October 29, the South Korean presidential office announced that Amazon Web Services (AWS), a subsidiary of Amazon , will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centers .
Boeing 's third-quarter revenue was $23.27 billion.
Boeing reported third-quarter revenue of $23.27 billion, compared to an expected $22.29 billion; adjusted free cash flow for the third quarter was $238 million, compared to an expected negative $884.1 million. Boeing's core loss per share for the third quarter was $7.47.
United Parcel Service [Announced transformation strategy, disclosed 48,000 layoff plan]
United Parcel Service (UPS) announced its third-quarter 2025 financial results on October 28th, showing consolidated revenue of $21.4 billion, consolidated operating profit of $1.8 billion, and diluted earnings per share of $1.55. UPS also announced a transformation strategy, stating that it will launch a streamlining and efficiency plan aimed at optimizing its business scale by eliminating approximately 14,000 positions (primarily in management) to establish a more efficient operating model.
In addition, the company will restructure its network to cope with declining business volume. As an important part of this plan, the company has already cut approximately 34,000 operating positions and closed the day-to-day operations of 93 leased and owned buildings in the first nine months of 2025. The company will continue to assess the freight volume trends of its integrated air and land transport network to identify more facilities to be closed.
UBS reported third-quarter net profit of $2.48 billion, up 74% year-over-year.
UBS released its third-quarter financial report on October 29, showing total revenue of $12.76 billion, up 3.5% year-on-year; net profit of $2.48 billion, up 74% year-on-year; and earnings per share of $0.76, compared to $0.43 in the same period last year.
Visa: Fourth-quarter net revenue reached $10.7 billion, up 11% year-over-year.
On October 28 local time, Visa released its fourth-quarter financial report, showing net revenue of $10.7 billion, up 11% year-on-year; adjusted net profit of $5.8 billion, up 6.9% year-on-year; and adjusted earnings per share of $2.98, compared to $2.71 in the same period last year.
【 Intel : with JD.com [Joint Development of Innovative Display Technologies]
On October 29th, Intel and BOE announced a joint effort to develop an AI-based energy-saving solution for laptop displays. This solution can intelligently balance energy efficiency and image quality, extending battery life . It ensures excellent visual experience while maintaining long battery life. This technology is expected to be first applied to OEM products using the Intel platform in 2026.
Key events to watch in the US stock market (Beijing time)
October 30
02:00 The Federal Reserve FOMC announces its interest rate decision.
02:30 Federal Reserve Chairman Powell holds a press conference on monetary policy.
(Article source: CLS)
