The US Stock Market experienced a mixed trading day on Monday, November 3, 2025, with the S&P 500 and Nasdaq showing gains while the Dow Jones Industrial Average declined. Gains were primarily driven by Artificial Intelligence (AI)-related optimism and significant corporate developments. Nvidia (NVDA) saw its shares rise by 2.7%, contributing to a nearly 55% year-to-date increase. Amazon (AMZN) rallied 4.9% following a $38 billion agreement with OpenAI for cloud computing services, while Microsoft (MSFT) advanced 0.3% after securing a $9.7 billion contract for Nvidia chips. In other news, Kimberly-Clark (KMB) shares fell 12.8% after announcing a $48.7 billion deal to acquire Kenvue (KVUE), which saw its stock jump 15.3%. The market sentiment was also influenced by a cautious stance from the Federal Reserve regarding future rate cuts.
The cryptocurrency market faced a significant downturn today, with the global market capitalization dropping by 3.1% to 3.5%, settling between $3.59 trillion and $3.69 trillion. Bitcoin (BTC) was trading around $106,522, down 3.15%, while Ethereum (ETH) fell to approximately $3,606, marking a 6.56% decrease. This market contraction led to over $400 million in leveraged positions being liquidated within 24 hours, affecting more than 162,000 traders. The sell-off was largely attributed to the Federal Reserve's hawkish remarks on interest rates and substantial outflows from Bitcoin ETFs, totaling around $1.15 billion last week.
Among trending cryptocurrencies, Zcash (ZEC) notably rose 6.69% to $416.12, driven by its upcoming halving event. ChainOpera AI (COAI) also saw a positive movement, increasing by 7.81% to $1.41. Conversely, several trending coins experienced declines, including Aster (ASTER) down 17.61% to $0.96, ZKsync (ZK) falling 25.07% to $0.047, and Kite (KITE) dropping 31.55% to $0.08. Dash (DASH), a privacy token, gained 4.21% to $91.04.