Copyright The Street
This is reported as of market close at 4:00 p.m. on November 5, 2025. The gubernatorial and Mayoral elections took place yesterday, November 4, marking a win for the Democrats. It was not just NYC that made history with its youngest Mayor; Virginia also elected its first woman governor. The market rebounded after the AI sector’s underperformance on Tuesday, with the S&P 500 rising 0.4%. The Nasdaq Composite rose 0.7% with notable gains in Micron. The Dow Jones Industrial Average rose by more than 200 points, up 0.5%, along with the Russell 2000, which posted a 1.5% stock gain. We have officially entered the longest government shutdown in US history. The previous one lasted 35 days, from December 22, 2018, to January 25, 2019. In terms of days, it is the 35th day of the shutdown, but in terms of time, it is now the longest. But that is not all when it comes to landmarks. Today, November 5, the Supreme Court began hearings for President Donald Trump’s imposed tariffs, the results of which may take weeks to be determined. However, today the odds did not appear in favor of the government, with Supreme Court judges questioning the intention behind them. The trials begin on the same day that, in 2024, Donald Trump won the presidential election for the second time. President Trump, ahead of the trial, refocused attention on tariffs, citing their role in financial and national security. The importance of tariffs in influencing market dynamics cannot be overstated, whether bullish or bearish. The April numbers are available for review, many record lows were achieved during that period. The market appears to have grown accustomed to the announcements now, but what will be interesting to note is how companies reporting huge losses on their accounts will react if the tariffs are deemed illegitimate. SNAP benefits will be delayed, no prizes for the why, but as Press Secretary Caroline Leavitt clarified in a statement to the press, these matters take time, and the President is actively working on using the contingency fund to support the needy. For quicker actions, the government needs to reopen. Now, back to how Gold performed today: up 0.9% but still under the $4,000 mark. Several earnings announcements from the retail and healthcare sectors were released today, with notable ones coming from McDonald’s, Novo Nordisk, and Pinterest. Some stocks to watch tomorrow include DoorDash, Qualcomm, and AppLovin, which will report earnings after the market close. Here are the most active stocks today Five S&P 500 stocks making big moves today are: Solstice Advanced Materials: +10.7% Seagate Technology Holding: +10.1% Micron Technology: +8.9% Johnson Controls International: +8.8% Amgen: +7.8% The worst-performing five S&P 500 stocks today are: Zimmer Biomet Holdings: -15.1% Super Micro Computer: -11.3% Live Nation Entertainment: -10.6% Axon Enterprise: -9.4% Arista Networks: -8.6% Stocks also worth noting include: Pinterest: -21.8% Palantir: -1.5% AMD: +2.5% Intel: +3.6% Tesla: +4% Microsoft and IREN come together IREN’s stock jumped 14.7% to a record high on Wednesday, ahead of its Q1 2026 earnings report due November 6, extending a massive rally of 360% this quarter. The surge follows Monday’s announcement of a $9.7 billion, five-year GPU-cloud contract with Microsoft. According to which, IREN will supply NVIDIA GB300 clusters from its 750 Megawatt Texas Campus. More Tech Stocks: As Palantir rolls on, rivals are worth a second look Nvidia’s next big thing could be flying cars Cathie Wood sells $21.4 million of surging AI stocks IREN’s co-founder, Daniel Roberts, sees the deal as a milestone, validating IREN’s role as a leading hyperscale AI cloud provider. Roth Capital cited Iren’s broader AI cloud business shift to raise the firm’s price target to $94 from $82, maintaining a Buy rating, viewing the deal as the first of many, as noted at TheFly. Pinterest relies on AI for future growth Following the release of mixed Q3 earnings on November 5 and weak Q4 guidance, the stock slumped 21% on Wednesday, marking a 33% quarterly decline. The company reported revenue of $1.05 billion, a 17% year-over-year growth, and a record 600 million global MAUs (Monthly Active Users), which were up 12%. However, a Q4 guidance of +14-16 % fell short of expectations, which analysts attribute to tariff-related weakness and uncertainty. RBC Capital analyst Brad Erickson lowered the firm’s price target to $38 from $45, maintaining an Outperform rating after disappointing Q3 results. Erickson noted pullbacks from advertisers due to home furnishing-related tariffs drove the Q4 guidance down, as reported by TheFly. However, CEO Bill Ready sees Pinterest’s AI vision as a reason for future growth. This is evident in its international revenue numbers, which report a 41% surge in Europe and a 66% increase driven by the rest of the world. Whereas the US and Canada only amounted to a 9% gain. Pinterest also ended the quarter with $2.6 billion in liquidity and virtually no debt, showing flexibility to further invest in AI-driven discovery tools. EV maker Rivian gets stock boost Gains for EV maker Rivian came from both a surge in the stock market and its Q3 2025 earnings report. The company’s stock soared 23% on Wednesday, marking a 15% year-to-date gain after it reported significant progress in the quarter in its Q3 earnings reported on November 4. Revenue for Rivian increased 78% year over year to $1,558 million in consolidated revenues, driven by a record 13,201 vehicle deliveries and a 324% year-over-year increase in software and services revenue to $416 million. Management reaffirmed its full-year guidance of 41,500-43,500 vehicle deliveries and a capital expenditure (Capex) of $1.8-$1.9 billion, confirming that its upcoming R2 SUV platform is on track for production in the first half of 2026. “In Q3, we continued to make significant progress across our strategic priorities, which includes R2 and our technology roadmap,” said RJ Scaringe, Founder and CEO, Rivian. Scaringe is also optimistic about long-term growth in the automotive industry.
