US stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all in positive territory. Positive earnings from Amazon have boosted tech stocks, with Amazon up over 11% after strong results. Western Digital and Nvidia also saw gains after reporting positive earnings. On the economic front, the Oct MNI Chicago PMI beat expectations. Fed comments hint at a possible rate cut, with markets expecting a 65% chance of a -25 bp cut by December. President Trump and President Xi’s tariff truce has provided support to stocks. Earnings season is in full swing, with many companies beating forecasts.

T-notes are up slightly today, with yields down. Safe-haven demand increased after reports of potential military action in Venezuela. European bond yields are lower, with Eurozone Oct CPI in line with expectations. Swaps predict a 4% chance of an ECB rate cut in December. In stock news, Amazon, Western Digital, and Twilio saw significant gains, while Dexcom and Charter Communications are down. Comcast and FMC Corp also saw losses. Earnings reports for the day include companies like Exxon Mobil and Chevron.

Read more at Barchart: Stocks Rally on Strong Amazon Earnings