On November 1, 2024, the U.S. stock market saw a positive performance with the Dow Jones Industrial Average rising by 0.69%, the NASDAQ increasing by 0.80%, and the S&P 500 gaining 0.41%. This rebound followed a previous session's selloff, driven by strong earnings reports and optimism about future Federal Reserve rate cuts.

Among the sectors, the semiconductor stocks showed notable movements. Intel surged by 7.81% after several analysts raised their price targets, reflecting optimism about the company's future performance. Additionally, Advanced Micro Devices fell by 1.53%, indicating mixed reactions within the sector.

In the tech sector, Amazon.com soared by 6.19% following a strong Q3 performance that exceeded Wall Street estimates. Multiple analysts raised their price targets for Amazon, highlighting the company's robust retail sales and positive outlook for its AWS segment. This surge in Amazon's stock significantly boosted the tech sector and lifted the Consumer Discretionary index to a more than two-year high.

Apple, however, experienced a decline of 1.16%. Despite Maxim Group raising its price target for Apple, concerns about weaker sales in China and the company's significant investment in Globalstar impacted investor sentiment. Apple announced a $1.5 billion investment in Globalstar to expand satellite coverage, which includes $400 million for equity acquisition and $1.1 billion in infrastructure prepayments.

The aviation sector also saw significant movements with Boeing rising by 3.54%. Boeing's CEO called for striking workers to accept a new four-year contract, which includes a 38% pay raise, aiming to end a seven-week strike and refocus on business operations.

Other notable stock movements included Lululemon Athletica, which jumped by 7.81%, and Dell Technologies Inc., which increased by 5.86%. On the downside, Carvana Co. dropped by 7.37%, and AppLovin Corporation fell by 3.46%.

Overall, the market's positive performance was driven by strong earnings reports from major companies, optimism about future economic policies, and significant movements in key sectors such as technology and aviation.