Nasdaq 100 Recovers, Amazon Soars 10% Following Impressive Earnings: Market Movers for Friday
Tech Stock Performance: Tech stocks saw a rebound on Friday, with the Nasdaq 100 recovering from a previous drop, largely driven by strong earnings from major companies like Amazon, which surged over 10% after reporting significant AWS revenue growth.
Market Trends: All major U.S. indexes are set to close October positively, with the S&P 500 and Dow Jones marking their longest streaks of gains since 2021 and 2018, respectively.
Currency and Commodities: The U.S. dollar index continued to rise as expectations for a December Fed rate cut diminished, while gold and silver prices fell, and cryptocurrencies rebounded following positive earnings from Coinbase and MicroStrategy.
Earnings Highlights: Notable earnings reports included First Solar topping the S&P 500 leaderboard with strong results, and Netflix experiencing a significant rise after announcing a stock split, while other companies like Apple and Exxon Mobil showed mixed performance.
About the author



