The U.S. stock market sank from record heights as Wall Street sifted through mixed developments on everything from the U.S.

At least five Wall Street analysts have cut their price targets for Chipotle shares after the chain's third-quarter earnings report.

Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance.

Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12.

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Earnings, deals and trade talks helped send all three major U.S. stock indexes to records, marking a significant pickup in momentum after a bumpy stretch.

Stocks are drifting near their record heights on Wall Street, while the price of gold falls again to trim more off its tremendous gain for the year.

Amazon led the way and jumped 9.6%. The retail giant was by far the strongest force lifting the market after reporting profit for the latest quarter that blew past analysts’ expectations. CEO Andy Jassy said growth for its booming cloud-computing business has accelerated to a pace it hasn’t seen since 2022.