Stock market today: S&P 500 ends 6-week win streak, while Nasdaq rises on mega-cap rally

• US stocks fell, ending a six-week triumph streak for S&P 500 and nan Dow.
• Rising enslaved yields and resilient economical information contributed to nan market's pause.
• Investors will attraction connected upcoming tech earnings, pinch AI monetization trends successful nan spotlight.

US stocks traded mostly little connected Friday, capping disconnected a down week for nan S&P 500 and Dow Jones Industrial Average.

Both averages ended a six-week triumph streak connected Friday, while a rally successful mega-cap tech stocks helped substance a seventh week of gains and a caller grounds precocious for nan Nasdaq.

A large surge successful enslaved yields this week served arsenic a large hurdle for investors pursuing a beardown rally since nan commencement of nan month.

The 10-year US Treasury output has surged astir 20 ground points this week arsenic macro information points propose nan system remains resilient and connected coagulated footing.

Meanwhile, investors are paying adjacent attraction to third-quarter net results, pinch a number of mega-cap tech companies group to study results adjacent week, including Apple, Meta, Microsoft, and Amazon.

Commentary surrounding AI monetization trends will beryllium apical of mind for investors erstwhile they parse done nan net reports.

"We expect large tech net adjacent week will show a operation of dependable operational performance, AI-led gross acceleration, and resilient advertizing that signals ongoing wellness and innovation," Global X investigation expert Ido Caspi told Business Insider.

"We expect to spot further grounds of generative AI moving on its maturation curve and continued displacement from experimentation to wide monetization," he added.

So far, 36% of S&P 500 companies person reported results. Of those companies, 79% are beating profit estimates by a median of 6%, while 58% are beating gross estimates by a median of 2%, according to information from Fundstrat.

Traders adjacent week will sift done respective economical information updates, including September individual depletion expenditures, which is nan Fed's preferred ostentation gauge, arsenic good arsenic nan October jobs report. September's information showed a stunning 254,000 jobs were added successful nan month.

A likewise basking number would apt temper rate-cut expectations further arsenic markets spot little urgency from nan Fed to prop up nan economy.

Here's wherever US indexes stood astatine nan 4:00 p.m. closing doorbell connected Friday:

• S&P 500: 5,808.12, down 0.03%
• Dow Jones Industrial Average: 42,114.40, down 0.61% (-256.96 points)
• Nasdaq composite: 18,518.61, up 0.56%

Here's what other happened today:

• Nvidia concisely dethroned Apple arsenic nan largest institution successful nan world connected Friday.
• Nuclear powerfulness stocks are soaring amid an AI power rush.
• Versace genitor Capri's banal plunged aft a judge changeable down a merger woody betwixt nan institution and Coach proprietor Tapestry.
• Vladimir Putin tempered expectations for de-dollarization astatine a BRICS summit.
• JPMorgan said immoderate drivers of Tesla's net look unsustainable.

In commodities, bonds, and crypto:

• West Texas Intermediate crude lipid jumped 2.19% to $71.73 a barrel. Brent crude, nan world benchmark, was higher by 2.11% to $75.95 a barrel.
• Gold was up 0.30% to $2,757.10 an ounce.
• The 10-year Treasury output roseate by 3 ground points to 4.246%.
• Bitcoin was little by 1.83% to $66,914.