{"id":54838,"date":"2025-10-20T16:38:40","date_gmt":"2025-10-20T20:38:40","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-equities-rally-on-strong-earnings-geopolitical-deals-aws-outage-hits-tech-sector\/54838\/"},"modified":"2025-10-20T16:38:40","modified_gmt":"2025-10-20T20:38:40","slug":"us-equities-rally-on-strong-earnings-geopolitical-deals-aws-outage-hits-tech-sector","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-equities-rally-on-strong-earnings-geopolitical-deals-aws-outage-hits-tech-sector\/54838\/","title":{"rendered":"US Equities Rally on Strong Earnings, Geopolitical Deals; AWS Outage Hits Tech Sector"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li>Major US equity indices, including the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong>, <strong>Nasdaq<\/strong>, and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a><\/strong>, surged, with the <strong>S&amp;P 500<\/strong> closing up <strong>1.10%<\/strong> at <strong>6,737.31<\/strong>, driven by strong corporate earnings and <em>hopes for easing US-China trade tensions<\/em>.<\/li>\n<li>The US and Australia signed an <strong>$8.5 billion critical minerals deal<\/strong> aimed at reducing China&#39;s dominance in rare earths.<\/li>\n<li><strong>Amazon&#39;s (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> cloud services unit, <strong>AWS (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>, experienced a widespread outage affecting thousands of websites, though services are reportedly scaling back to pre-event levels.<\/li>\n<li>Spot <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> extended its gains, rising nearly <strong>3%<\/strong> to <strong>$4,374.97\/Oz<\/strong>, as Treasury yields fell.<\/li>\n<li><strong>Triller Group (<a href=\"\/stock\/ILLR\">ILLR<\/a>)<\/strong> received a <strong>Nasdaq (<a href=\"\/stock\/NDAQ\">NDAQ<\/a>)<\/strong> delisting notice for non-compliance with Rule 5250(C)(1) and plans to seek a hearing.<\/li>\n<\/ul>\n<p>US equities closed significantly higher on Monday, with the <strong>S&amp;P 500<\/strong> advancing <strong>73.30 points<\/strong> or <strong>1.10%<\/strong> to <strong>6,737.31<\/strong>. The <strong>Nasdaq (<a href=\"\/stock\/NDAQ\">NDAQ<\/a>)<\/strong> saw a robust gain of <strong>312.51 points<\/strong> or <strong>1.38%<\/strong>, closing at <strong>22,992.49<\/strong>, while the <strong>Dow Jones (<a href=\"\/stock\/DJIA\">DJIA<\/a>)<\/strong> climbed <strong>508.84 points<\/strong> or <strong>1.10%<\/strong> to <strong>46,699.45<\/strong>. This broad market rally was fueled by <em>optimism surrounding strong corporate earnings<\/em>, with <strong>85% of S&amp;P 500 companies beating profit estimates<\/strong>, and <em>expectations of de-escalating US-China trade tensions<\/em>.<\/p>\n<p>In commodity markets, <strong>spot gold<\/strong> extended its upward trajectory, jumping nearly <strong>3%<\/strong> to reach <strong>$4,374.97\/Oz<\/strong>. This surge occurred as <strong>Treasury yields fell<\/strong>, indicating a shift towards safer assets amidst broader market movements. Investors are now keenly awaiting the release of <strong>September CPI data<\/strong>, with core inflation anticipated to be around <strong>0.3%<\/strong>.<\/p>\n<p>Geopolitical developments also made headlines, as the US and Australia formalized an <strong>$8.5 billion critical minerals deal<\/strong>. This strategic agreement is designed to <strong>counter China&#39;s dominance in the rare earths market<\/strong>, securing vital resources for both nations. Meanwhile, small businesses in the US are continuing to challenge President Trump\u2019s global tariffs, urging the US Supreme Court to affirm lower court rulings that deem these import levies an &quot;illegal tax&quot; on American companies.<\/p>\n<p>In the tech sector, <strong>Amazon&#39;s (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong> cloud computing division, <strong>AWS (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>, grappled with a widespread outage that impacted thousands of websites. While the incident caused significant disruption, <strong>AWS<\/strong> has since reported scaling up its <strong>SQS polling via Lambda event source mappings<\/strong> back to pre-event levels, suggesting a recovery effort is underway.<\/p>\n<p>Elsewhere in corporate news, <strong>Triller Group (<a href=\"\/stock\/ILLR\">ILLR<\/a>)<\/strong> received a delisting notice from <strong>Nasdaq (<a href=\"\/stock\/NDAQ\">NDAQ<\/a>)<\/strong> due to non-compliance with Rule 5250(C)(1). The company has indicated it will seek a hearing to address the issue. In the aerospace industry, <strong>Lockheed Martin<\/strong> is reportedly developing a moon lander, positioning itself as an alternative to <strong>SpaceX&#39;s Starship<\/strong> for <strong>NASA (<a href=\"\/stock\/NASA\">NASA<\/a>)<\/strong> missions.<\/p>\n<p>Further economic data revealed that US steel capacity utilization rose slightly to <strong>76.1%<\/strong> from <strong>76%<\/strong> in the week ending October 18, according to the <strong>American Iron and Steel Institute (AISI)<\/strong>. However, <strong>Fitch Ratings<\/strong> issued a warning, stating that rapid growth in US non-bank loans could elevate the risk of wider bank losses. On the mergers and acquisitions front, <strong>Yageo ((\/stock\/2327))<\/strong> successfully completed its bid for <strong>Shibaura ((\/stock\/6590))<\/strong>, concluding a lengthy takeover battle. Lastly, the UK announced an allocation of <strong>$134 million<\/strong> to prepare for troop deployment in Ukraine if a ceasefire is reached, with forces designated for training and air-sea policing rather than frontline combat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Major US equity indices, including the S&amp;P 500, Nasdaq, and Dow Jones, surged, with the S&amp;P 500 closing 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