The four major benchmarks on Wall Street opened higher on Monday as inflation data is about to be released.
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1h ago
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In the early trading session on Monday, the four major U.S. stock indices rose, as the market awaited the October CPI on Tuesday and the PPI on Friday. The recent financial reports released by companies such as Amazon, Apple, Cloudflare, Arista Networks, and Royal Caribbean also became focal points in the market.
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New York, November 9 (Reuters/ PRNewswire ) – According to a news commentary on Equity Insider, within half an hour of the opening of trading on Monday, all four major U.S. stock indices rose. As of 9:57 a.m. Eastern Time, the S&P 500 index rose by 125.70 points, or 1.70%, to 7,502.56; the Nasdaq Composite Index rose by 539.15 points, or 2.19%, to 25,118.58; the Dow Jones Industrial Average rose by 727.61 points, or 1.42%, to 52,013.34; and the small-cap Russell 2000 Index rose by 53.59 points, or 1.95%, to 2,807.70.

This generally strong start occurred on the day before the U.S. Bureau of Labor Statistics planned to release the October Consumer Price Index ( CPI ). In the past two weeks, several large companies that have released their financial results have also become individual stocks that drove stock price fluctuations during early trading sessions.

Companies that were active this week include: Amazon.com ( NASDAQ : AMZN ), Apple Inc. ( NASDAQ : AAPL ), Cloudflare Corporation ( NYSE : NET ), Arista Networks Corporation ( NYSE : ANET ), and Royal Caribbean Cruise Lines Ltd. ( NYSE : RCL ).

A Week Surrounding Inflation Data

The schedule is an important part of this week's background information. According to the release schedule from the U.S. Bureau of Labor Statistics, the CPI for October 2026 will be announced on Tuesday, November 10th, at 8:30 a.m. Eastern Time in the United States, and the Producer Price Index ( PPI ) for October 2026 will be released on Friday, November 13th, also at 8:30 a.m. Eastern Time.

The release of this data is about two weeks after the Federal Reserve's most recent policy decision. In a statement on October 28th, the Federal Open Market Committee (FOMC) of the Federal Reserve stated that it had "decided to maintain the federal funds rate target range at 3.75% to 4%." The committee also wrote that "economic activity is expanding at a strong pace" and noted that "inflation remains on the high side."

Among the companies that were active in the early session, several have just announced their quarterly results, covering sectors such as online retail, cloud computing, consumer electronics, internet infrastructure, data center networking, and tourism.

Retail, cloud computing, and iPhone

As of 9:57 a.m. Eastern Time, Amazon's stock price has risen by 5.33%. The company's third-quarter results for 2026, released on October 29, showed that net sales increased by 12% year-over-year to $201.9 billion; in the same period last year, they were $180.2 billion. Operating profit amounted to $28.1 billion, with an operating margin of 13.9%, which Amazon described as its highest-ever operating margin. Meanwhile, AWS net sales grew by 39.3%, corresponding to an annualized revenue run rate of $184 billion.

Amazon President and CEO Andy Jassy stated: "Our investments in AWS capabilities and infrastructure are beginning to pay off. Revenue in the third quarter increased by more than 39% year-over-year (with an annualized revenue run rate of $184 billion), and we expect revenue growth to exceed 40% in both 2027 and 2028."

At the same time point, Apple's stock price rose by 1.89%. The company's fourth-quarter report for the fiscal year 2026, as of September 26, 2026, showed that quarterly revenue was $114.5 billion, a year-on-year increase of 12%; diluted earnings per share were $2.10, a year-on-year increase of 14%. This includes the favorable impact of a tariff refund of $0.05.

Apple CEO John Ternus stated: "Today, Apple is proud to report that revenue for the September quarter reached a record of $114.5 billion, a year-on-year increase of 12%. iPhone set a new record for the September quarter, and our services business also reached a historic high, bringing us a conclusion to our best fiscal year to date."

The infrastructure behind the Internet and artificial intelligence

As of 9:57 a.m. Eastern Time, Cloudflare company's stock has risen by 8.84%. The company's third-quarter results for 2026, released on November 5th, showed revenue of $782.5 million, a year-on-year increase of 39%; the current remaining performance obligations also increased by 37% year-on-year. For the fourth quarter, Cloudflare expects total revenue to be between $845 million and $846 million; for the whole year, the expected total revenue is between $2.963 billion and $2.964 billion.

Cloudflare, co-founder and CEO, Matthew Prince, stated: "The third quarter was the best quarter in Cloudflare's history. Our annualized revenue exceeded $3 billion, with sales amounting to $782 million, a year-on-year increase of 39%."

As of the same time point, Arista Networks company has risen by 8.20%. In its third-quarter report for 2026 released on November 3, this client-to-cloud network company stated that its total revenue was approximately $3.66 billion, exceeding its guidance of $3.3 billion and representing a year-on-year increase of 58.5%. Arista has set a revenue guidance of $3.9 to $4 billion for the fourth quarter and noted that the company was included in the S&P 100 index in September 2026.

Arista Networks Chairman and CEO Jayshree Ullal stated: " Arista has once again delivered a milestone quarter, with revenue growth exceeding previous highs since IPO, and its profitability has also set a record, even surpassing my initially high expectations."

Tourism demand is reflected in the data.

Royal Caribbean Cruises Ltd. (reporting under the name of Royal Caribbean Group) rose by 2.95% as of 9:57 a.m. Eastern Time. The company's third-quarter results, released on October 27, showed earnings per share of $6.45 and adjusted earnings per share of $6.57. The company stated that both figures were better than expectations, due to strong demand near the departure period and cost reductions from timing factors. The company currently expects adjusted earnings per share for the full year to be between $17.85 and $17.95. Chairman and CEO Jason Liberty also mentioned that reservation rates for 2027 are higher than historical levels, and the prices are also higher, although he noted that we are still in an early stage of that period.

Jason Liberty indicates that: 'Our third-quarter performance reflects the continued strong demand from consumers for vacation experiences, as well as the accelerating momentum of our industry's leading brand portfolio.'

Next on the schedule:

The gains seen in early trading on Monday occurred before the release of consumer price data on Tuesday and producer price data on Friday. All of the aforementioned five companies have submitted their latest quarterly earnings to the U.S. Securities and Exchange Commission (SEC) within the past two weeks.

For readers who wish to connect such news with price charts, the free guide “Knowledge is Power” provided by Stock Preachers explains these two skills in plain English, and it is also accompanied by the “The Roadmap” which is updated every Monday, Wednesday, and Friday.

This article is an independent news commentary. Equity Insider is wholly owned and operated by Market Equities Limited (“MEL”). MEL is a company registered under Irish law. MEL has not received any compensation in relation to any of the companies mentioned in this article. MEL and its owners, operators, directors, and related parties currently do not hold any shares in the companies mentioned in this article, but retain the right to buy and sell such shares at any time without prior notice. Index and stock price levels as of 9:57 a.m. Eastern Time on November 9, 2026, are based on data from third-party market sources and represent changes compared to the closing levels on November 6, 2026. Policy and schedule information comes from the Federal Reserve’s statement on October 28, 2026, as well as arrangements published by the U.S. Bureau of Labor Statistics. Company data and quotes are from press releases submitted to the U.S. Securities and Exchange Commission by various companies. The information is derived from company press releases and filings, government and industry data, published reports, and third-party data considered reliable; however, no guarantee is provided for the accuracy of this information. Investing in securities involves risks, including the potential loss of part or all of the invested capital. This article is governed by Irish law.

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