US stock market is rising sharply today as strong corporate results from Amazon, Netflix, Tesla, and Palantir lifted investor confidence and pushed all major indexes higher. The S&P 500 gained 0.6%, the Nasdaq Composite jumped 1.2%, and the Dow Jones Industrial Average climbed 99 points, or 0.2%, in Friday trading. The rally came after a volatile week marked by mixed tech earnings and renewed global trade developments between the US and China.
Amazon stock surged 11% after the company reported a major rebound in its cloud business. Amazon Web Services (AWS) revenue grew 20% year over year to $33 billion, beating Wall Street’s forecasts. The segment generated $11.4 billion in operating income, accounting for nearly two-thirds of Amazon’s total profit. Analysts said the results proved Amazon’s strength in the fast-growing AI computing market, with Wedbush’s Dan Ives noting investors have “regained comfort in management’s ability to retain a leading AI position.”
The rally extended to other major tech players. Netflix rose 3% after announcing a 10-for-1 stock split, while Tesla gained 3% and Palantir climbed 4%, helping power the Nasdaq’s momentum. The surge followed Thursday’s sell-off when the S&P 500 fell 0.99%, the Nasdaq lost 1.58%, and the Dow dropped 110 points amid steep declines in Meta, Microsoft, and Nvidia shares. Meta’s stock recorded its biggest one-day loss in three years, driven by investor concerns about ballooning AI-related expenses.
Market sentiment improved further after President Donald Trump and China’s Xi Jinping agreed on a one-year trade truce following their meeting in South Korea. Trump announced a 10% tariff cut on Chinese goods tied to fentanyl, reducing total tariffs on imports to 47%, while Beijing pledged a pause on rare earth export controls for one year. However, issues such as US restrictions on Nvidia AI chip exports and TikTok divestiture requirements remain unresolved. The move eased fears of an all-out trade war, supporting the day’s bullish tone across global markets.
Getty Images stock jumped 19% after the company revealed a multi-year licensing deal with Perplexity AI, allowing the AI platform to use Getty’s creative and editorial photos within search results, with proper credits and links. Getty said the partnership will enhance AI accuracy and user experience. Meanwhile, Dallas Fed President Lorie Logan said she would have opposed this week’s rate cut, arguing that inflation remains “too high” and the labor market is “cooling slowly.” She warned against further cuts in December without clearer signs of economic softening.
Despite intraday volatility, all three indexes are set to close the week and month higher. The S&P 500 is up 0.8% for the week, the Nasdaq 2.5%, and the Dow 0.7%. For October, the S&P 500 has advanced 2%, the Nasdaq 5%, and the Dow 2%, marking its sixth straight positive month, the longest winning streak since 2018. Investors see this as a sign of renewed strength in the US economy heading into November.
Because Amazon is a major component of both the Nasdaq and S&P 500, its share price surge had a ripple effect, lifting many other technology stocks. Investors saw this as a sign that even amid economic uncertainty, big tech companies can deliver solid growth.
The earnings also included an EPS of $1.95, much higher than the prior year’s $1.43, signaling strong profitability. Many analysts have raised their price targets for Amazon following these results.
In addition, Amazon’s growth helped calm some investor concerns about high spending in AI and cloud infrastructure by showing these investments are paying off.
Amazon stock jumped nearly 12% after reporting record Q3 revenue of $180.2 billion.
AWS revenue climbed 20%, marking the fastest growth in recent years.
Tesla (TSLA) and Palantir (PLTR) each gained 3% and 4%, respectively, contributing to the tech-heavy Nasdaq’s strength.
The rally came after Thursday’s losses, when the S&P 500 and Nasdaq dropped 0.99% and 1.58%, dragged down by declines in Meta, Microsoft, and Nvidia amid concerns about rising AI costs.
Trump announced a 10% tariff cut on Chinese goods linked to fentanyl, reducing total tariffs to 47%, while Beijing will pause rare earth export controls for a year. Though disputes over Nvidia chip exports and TikTok divestiture remain, the truce cooled fears of a renewed U.S.–China trade war.
Meanwhile, Dallas Fed President Lorie Logan said she would have opposed this week’s rate cut, calling inflation “still too high” and the job market “cooling slowly.”
For October, the S&P 500 has gained 2%, the Nasdaq 5%, and the Dow 2%, marking the blue-chip index’s sixth straight positive month — its longest winning streak since 2018.
The S&P 500 is set to finish its sixth consecutive monthly gain, the longest streak since 2021. It is also poised for its third straight winning week, indicating a broader trend of market strength.
The Nasdaq, led by tech, also showed strong performance. Apple, Microsoft, and Google contributed to the upward momentum, while Amazon’s stellar numbers provided extra confidence for investors.
Even with concerns over inflation and interest rates, the early rally demonstrates that earnings results are a key driver of market sentiment. Traders are closely watching whether this trend continues beyond tech stocks.
Markets are also being supported by the fact that a majority of reporting S&P 500 companies are exceeding expectations. This indicates a healthy corporate backdrop and strengthens investor optimism.
Investors are also analyzing sector rotation, with tech leading while some industrial and consumer discretionary stocks see less momentum. This selective rally shows how earnings-driven sentiment can influence different areas of the market.
Although tech stocks are performing well, external factors like interest rates, global trade, and inflation data could affect the rally’s sustainability.
Amazon’s strong growth signals confidence in cloud computing and digital services. AWS revenue growth of 20% reflects high demand for cloud infrastructure, and investors are now watching to see if this momentum continues into the holiday season.
The stock’s surge also affects broader portfolios. Many index funds and ETFs hold Amazon as a significant component, so gains in its share price directly benefit investors in S&P 500 and Nasdaq-related funds.
Analysts are noting that the tech earnings season will remain a key driver for market sentiment, and other companies may follow Amazon’s lead. This could translate into broader gains if results remain strong.
Amazon stock surged 11% after the company reported a major rebound in its cloud business. Amazon Web Services (AWS) revenue grew 20% year over year to $33 billion, beating Wall Street’s forecasts. The segment generated $11.4 billion in operating income, accounting for nearly two-thirds of Amazon’s total profit. Analysts said the results proved Amazon’s strength in the fast-growing AI computing market, with Wedbush’s Dan Ives noting investors have “regained comfort in management’s ability to retain a leading AI position.”
The rally extended to other major tech players. Netflix rose 3% after announcing a 10-for-1 stock split, while Tesla gained 3% and Palantir climbed 4%, helping power the Nasdaq’s momentum. The surge followed Thursday’s sell-off when the S&P 500 fell 0.99%, the Nasdaq lost 1.58%, and the Dow dropped 110 points amid steep declines in Meta, Microsoft, and Nvidia shares. Meta’s stock recorded its biggest one-day loss in three years, driven by investor concerns about ballooning AI-related expenses.
Market sentiment improved further after President Donald Trump and China’s Xi Jinping agreed on a one-year trade truce following their meeting in South Korea. Trump announced a 10% tariff cut on Chinese goods tied to fentanyl, reducing total tariffs on imports to 47%, while Beijing pledged a pause on rare earth export controls for one year. However, issues such as US restrictions on Nvidia AI chip exports and TikTok divestiture requirements remain unresolved. The move eased fears of an all-out trade war, supporting the day’s bullish tone across global markets.
Getty Images stock jumped 19% after the company revealed a multi-year licensing deal with Perplexity AI, allowing the AI platform to use Getty’s creative and editorial photos within search results, with proper credits and links. Getty said the partnership will enhance AI accuracy and user experience. Meanwhile, Dallas Fed President Lorie Logan said she would have opposed this week’s rate cut, arguing that inflation remains “too high” and the labor market is “cooling slowly.” She warned against further cuts in December without clearer signs of economic softening.
Despite intraday volatility, all three indexes are set to close the week and month higher. The S&P 500 is up 0.8% for the week, the Nasdaq 2.5%, and the Dow 0.7%. For October, the S&P 500 has advanced 2%, the Nasdaq 5%, and the Dow 2%, marking its sixth straight positive month, the longest winning streak since 2018. Investors see this as a sign of renewed strength in the US economy heading into November.
US Stock Market: Amazon lift the market today
Amazon shares surged nearly 12% after reporting its third-quarter earnings, surprising analysts and investors alike. The company posted revenue of $180.2 billion, up 13% compared to the same quarter last year. Its cloud business, Amazon Web Services (AWS), grew about 20%, marking its fastest growth in recent years. This strong performance helped boost investor confidence across the tech sector.Because Amazon is a major component of both the Nasdaq and S&P 500, its share price surge had a ripple effect, lifting many other technology stocks. Investors saw this as a sign that even amid economic uncertainty, big tech companies can deliver solid growth.
The earnings also included an EPS of $1.95, much higher than the prior year’s $1.43, signaling strong profitability. Many analysts have raised their price targets for Amazon following these results.
In addition, Amazon’s growth helped calm some investor concerns about high spending in AI and cloud infrastructure by showing these investments are paying off.
Amazon stock jumped nearly 12% after reporting record Q3 revenue of $180.2 billion.
AWS revenue climbed 20%, marking the fastest growth in recent years.
Netflix, Tesla, and Palantir also power the gains
Netflix (NFLX) rose 3% after announcing a 10-for-1 stock split, a move that typically boosts retail investor interest.Tesla (TSLA) and Palantir (PLTR) each gained 3% and 4%, respectively, contributing to the tech-heavy Nasdaq’s strength.
The rally came after Thursday’s losses, when the S&P 500 and Nasdaq dropped 0.99% and 1.58%, dragged down by declines in Meta, Microsoft, and Nvidia amid concerns about rising AI costs.
Trump-Xi trade truce eases investor nerves
Adding to the optimism, President Donald Trump and China’s Xi Jinping agreed to a one-year trade truce after talks in South Korea.Trump announced a 10% tariff cut on Chinese goods linked to fentanyl, reducing total tariffs to 47%, while Beijing will pause rare earth export controls for a year. Though disputes over Nvidia chip exports and TikTok divestiture remain, the truce cooled fears of a renewed U.S.–China trade war.
Getty Images and Fed comments add more headlines
Getty Images (GETY) shares soared 19% after announcing a multi-year AI licensing deal with Perplexity AI, allowing the platform to feature Getty’s visual content in AI-powered searches.Meanwhile, Dallas Fed President Lorie Logan said she would have opposed this week’s rate cut, calling inflation “still too high” and the job market “cooling slowly.”
Stocks eye strong October finish
All three major U.S. indexes are set for weekly and monthly gains. The S&P 500 is up 0.8% this week, the Nasdaq 2.5%, and the Dow 0.7%.For October, the S&P 500 has gained 2%, the Nasdaq 5%, and the Dow 2%, marking the blue-chip index’s sixth straight positive month — its longest winning streak since 2018.
The S&P 500 is set to finish its sixth consecutive monthly gain, the longest streak since 2021. It is also poised for its third straight winning week, indicating a broader trend of market strength.
The Nasdaq, led by tech, also showed strong performance. Apple, Microsoft, and Google contributed to the upward momentum, while Amazon’s stellar numbers provided extra confidence for investors.
Even with concerns over inflation and interest rates, the early rally demonstrates that earnings results are a key driver of market sentiment. Traders are closely watching whether this trend continues beyond tech stocks.
Markets are also being supported by the fact that a majority of reporting S&P 500 companies are exceeding expectations. This indicates a healthy corporate backdrop and strengthens investor optimism.
Investors are also analyzing sector rotation, with tech leading while some industrial and consumer discretionary stocks see less momentum. This selective rally shows how earnings-driven sentiment can influence different areas of the market.
Although tech stocks are performing well, external factors like interest rates, global trade, and inflation data could affect the rally’s sustainability.
Amazon’s strong growth signals confidence in cloud computing and digital services. AWS revenue growth of 20% reflects high demand for cloud infrastructure, and investors are now watching to see if this momentum continues into the holiday season.
The stock’s surge also affects broader portfolios. Many index funds and ETFs hold Amazon as a significant component, so gains in its share price directly benefit investors in S&P 500 and Nasdaq-related funds.
Analysts are noting that the tech earnings season will remain a key driver for market sentiment, and other companies may follow Amazon’s lead. This could translate into broader gains if results remain strong.
