Reported about 12 hours ago
US stock markets showed resilience on Friday, ending the month on a high note, propelled by strong earnings from Amazon that alleviated concerns for the tech sector. The Nasdaq rose by 0.6%, reflecting its seventh consecutive monthly gain, while the S&P 500 and Dow followed suit with notable increases. Investors responded positively to Amazon's significant Q3 earnings and growth in its cloud services, which boosted its stock by nearly 10%, reaching new heights. Overall, major averages closed out the month with healthy gains, highlighting a recovery in the tech market.
Source: YAHOO