Stocks Close Up Driven by Gains in Chip Manufacturers and Boeing

Market Performance: The S&P 500, Dow Jones, and Nasdaq 100 all closed higher, with the Nasdaq reaching a 2.5-week high, driven by strong earnings in the tech sector, particularly from MongoDB and Boeing.

OECD Economic Forecast: The OECD maintained its global GDP forecast for 2025 at +3.2% but raised the US forecast to +2.0%, citing resilience against trade tariffs and strong investment in AI.

Upcoming Economic Data: Key US economic indicators are set to be released this week, including employment changes, manufacturing production, and personal spending, with markets anticipating a high probability of a rate cut at the next FOMC meeting.

Corporate Earnings Highlights: Q3 earnings season showed strong results, with 83% of S&P 500 companies exceeding forecasts, and notable stock movements included significant gains for semiconductor companies and MongoDB, while some defensive stocks declined.