--- title: "Overnight news on November 6: U.S. stocks closed higher with the Dow Jones up 200 points, oil prices fell, Trump will announce a reduction in weight loss drug prices, and the Bank of Canada plans to cut 10% of its workforce" type: "News" locale: "en" url: "https://longbridge.com/en/news/264517401.md" description: "On November 6th, U.S. stocks closed higher, with the Dow Jones Industrial Average rising by 200 points and oil prices falling. Trump plans to lower the prices of weight loss drugs, and the Bank of Canada will cut 10% of its workforce. In the market, Apple is leveraging Google's AI technology to assist in updating Siri, while popular Chinese concept stocks showed mixed performance. ADP data indicated that the U.S. added 42,000 jobs in October, exceeding expectations. A Federal Reserve governor stated that interest rates should be further lowered" datetime: "2025-11-05T23:05:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/264517401.md) - [en](https://longbridge.com/en/news/264517401.md) - [zh-HK](https://longbridge.com/zh-HK/news/264517401.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/264517401.md) | [繁體中文](https://longbridge.com/zh-HK/news/264517401.md) # Overnight news on November 6: U.S. stocks closed higher with the Dow Jones up 200 points, oil prices fell, Trump will announce a reduction in weight loss drug prices, and the Bank of Canada plans to cut 10% of its workforce For more global financial news, please visit 7×24 hours real-time financial news. **Market** **Closing on November 6: U.S. stocks closed higher with the Dow up 200 points, Trump’s tariffs questioned and AI trading rebounding.** **Top 20 U.S. stock trading volumes on November 6: Apple will leverage Google AI technology to assist in Siri updates.** **On November 6, popular Chinese concept stocks had mixed results, with Futu Holdings up 4.53% and XPeng down 3.97%.** **Oil prices fell on Wednesday as traders focused on the U.S. economy and stock market performance.** **Spot gold rose about 1.3%, approaching the psychological level of $4,000.** **Major European stock indices closed higher, with the German DAX30 index up 0.53%.** **Macro** **Trump proposed that the U.S. Senate end "lengthy debates," which was rejected by Republicans.** **Trump stated that the cryptocurrency industry significantly alleviated pressure on the dollar.** **Trump attributed local election losses to the government shutdown, pressuring Republicans to eliminate lengthy debate rules.** **Three conservative justices of the U.S. Supreme Court questioned the legality of Trump’s global tariff policy.** The U.S. Federal Aviation Administration reduced flight volumes at 40 major airports by 10% due to the government shutdown. The two "black boxes" from the crashed cargo plane have been successfully recovered. New York's newly elected mayor faced challenges immediately, as the fire chief broke tradition and resigned before his inauguration. ADP data showed that U.S. businesses added 42,000 jobs in October, exceeding expectations. Federal Reserve Governor Milan: ADP data slightly better than expected, interest rates should be further lowered. The proportion of U.S. consumers defaulting on debts is rising due to a surge in student loan delinquencies. U.S. household debt grew by 1.1% in the third quarter, reaching $18.59 trillion. The U.S. military tested an unarmed "Minuteman III" intercontinental ballistic missile. The Bank of Canada will cut 10% of its workforce to align with Prime Minister Carney's spending cuts. The Swedish parliament passed a bill to lift the ban on uranium mining starting January 1 next year. The head of Turkey's national intelligence agency met with a Hamas delegation to discuss a ceasefire in Gaza. Putin stated that he has no intention of violating the nuclear test ban commitment, but if the U.S. takes such action, Russia will retaliate. **Company** **Qualcomm: Revenue and profits exceeded expectations, and a strong performance outlook was released.** Snap released a strong earnings forecast and a $400 million Perplexity partnership agreement, with shares soaring 25%. Apple is reportedly planning to introduce Google AI technology to assist in a major update for Siri. The pricing agreement for weight loss drugs reached between Eli Lilly, Novo Nordisk, and the U.S. government will be announced on Thursday. Meta's massive spending evokes memories of the metaverse debacle that severely impacted stock prices Bank of America stated it will increase profits and control costs in an effort to revive stock performance. **Commentary** **RBC warns that the dollar may face a risk of plummeting 40% similar to the internet bubble burst.** **Democrats achieve consecutive victories in local elections, signaling changes from the Trump era.** **Commodity Overview: Oil prices continue to decline, gold prices rebound, copper prices rise.** **Will U.S. Treasuries strengthen by the end of the year? Analysis: It is unrelated to interest rate cuts, but rather a "return of risk aversion sentiment."** **Barclays: If repurchase rates remain high, the Federal Reserve may need to intervene.** **EIA: U.S. crude oil inventories increased by 5.202 million barrels last week, with a median estimate of a decrease of 286,000 barrels.** ### Related Stocks - [Apple Inc. 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