Stock investors understandably are focused on how much further the Fed can take rates down. Investors are hoping for a repeat of what happened after the Fed cut rates a half-point in September and major stock indexes soared.

Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.

Stocks opened lower Monday and recovered but ultimately finished in the red during the last regular trading session before Election Day in the U.S. Underneath the surface, one Magnificent 7 stock replaced another atop the global market capitalization rankings.