In this November 3rd, 2025 episode of The Gentle Ledger, the markets opened November with a soft yet meaningful tone. The S&P 500 climbed to 6,851.97, the Nasdaq advanced to 23,834.72, while the Dow slipped to 47,336.68, reflecting narrow tech leadership amid broader hesitation. A striking deal between Amazon and OpenAI lifted cloud and AI sentiment, while defensive sectors lagged. Oil held at roughly $61–65 per barrel, gold hovered near $4,010 per ounce, and the U.S. 10-year yield was around 4.1%, as markets balanced optimism with caution. Bitcoin hovered near $107,000, echoing the mixed risk tone. Join us in this softly spoken journey through the markets—a reflective opening to November’s new chapter.