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Wall Street Ends October on a High as Amazon, Tech Giants Drive Market Rally

US stocks closed October with strong gains, capping off a winning month fueled by robust corporate earnings and optimism over easing interest rates. The Dow Jones Industrial Average rose 0.1% , the S&P 500 gained 0.3% , and the Nasdaq Composite advanced 0.6% , marking another month of steady growth across Wall Street’s major indexes. The standout performer was Amazon , whose shares surged nearly 10% to an all-time high after reporting third-quarter results that exceeded expectations. The company’s cloud division, Amazon Web Services, showed renewed momentum, easing investor concerns about slowing growth in the tech sector. This rally helped lift the broader technology space, with the Nasdaq notching its seventh consecutive monthly gain. Other members of the so-called “Magnificent Seven” also contributed to the upbeat sentiment, as investors embraced signs that Big Tech’s heavy investments in artificial intelligence and infrastructure are beginning to pay off. The S&P 500 an...
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Trump Claims Carney Apologized Over Ontario’s Anti-Tariff Ad

United States President Donald Trump looks towards Canadian Prime Minister Mark Carney as they raise their glasses during a toast at a working dinner in Gyeongju, South Korea on Wednesday, Oct 29, 2025. 

U.S. President Donald Trump has reignited tensions in Canada-U.S. trade relations, asserting that Canadian Prime Minister Mark Carney personally apologized for an Ontario government advertisement that criticized tariffs. The ad, which aired earlier this month, featured clips of former U.S. president Ronald Reagan speaking about free trade, framing his words as an argument against tariffs.

Trump, speaking to reporters aboard Air Force One, dismissed the ad as misleading. He argued that Reagan “loved tariffs” and accused Ontario of twisting the late president’s message. According to Trump, Carney acknowledged the controversy and offered an apology during their recent meeting in Asia. “I have a very good relationship with Carney. I like him a lot, but what they did was wrong. He was very nice. He apologized for what they did with the commercial,” Trump said.

The fallout from the ad has been significant. Trump abruptly cancelled ongoing trade negotiations with Canada, citing the commercial as a key reason. He made clear that talks would not resume in the near future, despite his insistence that he maintains a cordial relationship with Carney.

The Ontario government, led by Premier Doug Ford, had defended the ad as a way to highlight the risks of tariffs for both Canadian and American consumers. The one-minute spot aired widely, including during high-profile broadcasts, and was designed to appeal directly to U.S. audiences.

While Carney has not publicly confirmed Trump’s account of an apology, his office has emphasized Canada’s willingness to return to the negotiating table “when the Americans are ready.” For now, however, the dispute underscores how quickly political messaging can spill over into international diplomacy, with economic consequences for both sides.


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