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Stocks Climb on Solid Earnings and Fed Rate Cut Signals
7 Nov
Summary
- Dow Jones index gains over 200 points
- Private sector adds 42,000 jobs in October
- Eli Lilly shares reach highest levels since 2024
On November 7th, 2025, U.S. stocks settled higher, with the Dow Jones index gaining more than 200 points during the session. This positive performance was driven by solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
The ADP National Employment Report, a key labor gauge in the absence of official government data during the ongoing shutdown, showed that private employers added 42,000 jobs in October. This rebound from the 32,000 jobs lost in September beat economists' expectations for a 25,000 gain.
Among the notable movers, Eli Lilly and Co. extended its post-earnings rally into a fifth straight session, with shares reaching their highest levels since September 2024. However, McDonald's Corp. reported weaker-than-expected earnings for the third quarter.
Most sectors on the S&P 500 closed on a positive note, with communication services, consumer discretionary, and materials stocks recording the biggest gains. The Dow Jones closed higher by around 226 points to 47,311.00, the S&P 500 gained 0.37% to 6,796.29, and the Nasdaq Composite gained 0.65% to 23,499.80.
