**Market Highlights** U.S. stocks closed lower on October 31, with the Nasdaq dropping 380 points as tech earnings weighed on indices.

**Top Movers** - **Meta Platforms, Inc.** (META) shares tumbled 11.3% after reporting an 83% YoY plunge in net profit. - **Amazon.com** (AMZN) surged 10% in post-market trading following stronger-than-expected earnings and robust cloud growth. - Gold rebounded, with spot prices up 2.37% and COMEX gold futures rising 0.73%.

**Macro Developments** - Flight delays hit multiple U.S. airports due to air traffic controller shortages. - The European Central Bank held rates steady as inflation neared 2% and the economy expanded.

**Corporate News** - Apple posted an 86% YoY jump in Q4 net profit, with revenue reaching $102.47 billion. - Netflix announced a 1-for-10 stock split, driving shares higher post-market. - Nvidia plans to invest up to $1 billion in AI startup Poolside to expand its ecosystem. - Novo Nordisk and Pfizer are locked in a weight-loss drug battle over Metsera.

**Commodities & Currencies** - Oil prices edged up as U.S. crude inventories fell sharply. - The Bloomberg Dollar Index hit a three-month high, pressuring base metals.

**Central Banks & Policy** - Fed Chair Powell faces market turbulence and internal dissent as his term nears its end. - The ECB-Fed policy divergence raises questions about sustainability.

**Debt Markets** - Meta’s $125 billion bond offering set a record for corporate debt demand. - U.S. Treasuries dipped as investors awaited pricing for Meta’s mega-deal.

**Outlook** - Nomura retracted its forecast for a December Fed rate cut. - Goldman Sachs CEO warned of a U.S. debt "reckoning" if growth slows.

**Global Notes** - Russia’s central bank cautioned against aggressive rate cuts fueling inflation. - Pakistan and Afghanistan agreed to extend their ceasefire and resume talks in November.