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Big streak
The recorded its , closing out Monday with gains of 0.3%. Stocks in the U.S. built on the positive momentum from last week, with the gaining 0.18% and the closing 0.1% higher. The tech-heavy index rose for seven straight days, while the Dow and S&P 500 rose for six straight days for the first time since July and June, respectively.  European markets closed lower on Monday, with the index down 0.2%.

Deep job cuts
's 240,000 employees were on edge as fears grow around CEO 's massive to cut costs that would result in an undisclosed number of layoffs. "We'll be saying goodbye to some very talented and hard-working colleagues," she said in a memo in September. Now, the reorganization, which is referred internally by its code name, could see job cuts of at least 10% in several major businesses, according to people with knowledge of the process.

AI arms race heats up
During its first in-person event on Monday, its latest and most powerful GPT-4 Turbo artificial intelligence model yet. It also unveiled a new option that will allow users make custom versions of its viral ChatGPT chatbot and is cutting prices on the fees that companies and developers pay to run the software.

Intensive diplomacy
The U.S. Treasury Department Monday that Treasury Secretary will host her Chinese counterpart, Vice Premier , just ahead of the Asia Pacific Economic Cooperation forum next week, for "intensive diplomacy." on Nov. 9-10 and is part of a between American and Chinese officials to make progress on specific issues. This arrives ahead of an expected meeting between President Joe Biden and Chinese President Xi Jinping on the sidelines of APEC.

[PRO] Leaders of the market comeback
Stocks have kicked off November on a positive note, with the major averages coming off their best weeks of the year. Now, CNBC Pro deep dives into which investors should look at that could be poised to lead any rally in the coming week. These include stocks in the S&P 500 that are up 10% or more off of their 52-week lows and have gained 10% or more in the past month.

Markets started the week on a high note as major averages closed out Monday's session with some big winning streaks.

The Nasdaq rose for the seventh straight day, its longest winning streak since January, while the Dow and S&P 500 gained for six straight days for the first time since July and June, respectively.

Wall Street indexes had strong momentum following their best week of 2023, propelled by a that drove bond yields lower, boosting equities.

"The stock market has had a strong start to November, and the move seems deserved in light of what we're seeing in most, though admittedly not all, of our sentiment indicators," wrote Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets.

"Generally, our view over the last month or so has been that if the surge in yields stopped soon, US equities could escape without incurring too much additional damage," she added.

Shifting focus to the fast-paced AI arms race, viral ChatGPT chatbot owner OpenAI announced its most powerful GPT-4 Turbo artificial intelligence model yet to stay ahead of rivals like Anthropic, and .

GPT-4 Turbo now provides answers with context up to April 2023, accepts more input and supports text-to-speech. Which means you can narrate and summarize an entire book, without having to lift a finger.