Big Bite from Apple

Markets hit record highs with Apple stealing the spotlight at $4T.

October 29, 2025

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Your Daily Dose of Market & Career Clarity

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🎯 In this issue:

  • Banana Bits: Finance headlines that actually matter

  • Market Summary: Wall Street climbs with Big Tech leading the charge

  • What’s Ripe / Rotten: The tastiest and most disgusting stocks 

  • Technical Trip: Interview Question with Morgan Stanley

  • Deal Dispatch: M&A, IPOs, and other transactions 

Market Snapshot

📉 Banana Bits

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Market Recap

Big Tech Keeps the Party Going

U.S. stocks ended higher this time around. 

The Dow rose about 0.7% to around 47,545, the S&P 500 added about 0.3% to around 6,894, and the Nasdaq gained about 0.55% to roughly 23,788. That keeps the major indexes near record territory as earnings start to roll in. 

Big Tech stayed in the spotlight after Apple briefly hit $4T in market value. On the earnings front, UPS jumped about 7% after results beat expectations and its turnaround update landed well. Overall, it was a steady up day, led by mega-caps and select earnings winners. 

Rates and commodities were cold today. The 10-year Treasury yield hovered around 3.99%, crude oil slipped about $60, and gold eased to about $3,964/oz. These moves kept macro pressures light while investors focused on earnings and the Fed outlook. 

What's Ripe

UPS (UPS) 8.0%

  • UPS rose after an earnings beat and turnaround update that showcased cost cuts and margin improvement. Investors liked the clearer path to profitability.

Apple (AAPL) 0.1%

  • Apple climbed after briefly crossing the $4T market-value mark, which boosted confidence in mega-cap technology.

  • Steady Treasury yields and strong Big Tech sentiment helped buyers stick with large names.

What's Rotten

Exxon Mobil (XOM) 0.8%

  • Exxon edged lower as oil prices dipped on ample supply signals and a softer demand outlook. Weakness in crude filtered through to energy equities.

Chevron (CVX) 0.7%

  • Chevron fell as crude oil prices slipped on oversupply worries and a softer demand outlook.

  • Lower oil prices reduced cash flow expectations, weighing on energy stocks like Chevron.

🧠 Technical Trip

Interview Q&A from Morgan Stanley

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🦈 Deal Dispatch

M&A, IPOs, And Other Notable Transactions

Banana Brain Teaser

Previous

[(0.0036) x (2.8)]/[(0.04) x (0.1) x (0.003)] = ?

Answer: 840

Today

Leona bought a 1-year, $10,000 certificate of deposit that paid interest at an annual rate of 8% compounded semiannually. What was the total amount of interest paid on this certificate at maturity?

❝

The best real-estate deal is often the one you don’t do.

David Simon

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Happy Investing,
Chris, Vyom, Ankit, Mitchell, Fernanda, & Patrick