The United States (US) stock market saw gains on Friday, driven by strong earnings reports from major technology companies.
On Thursday, the Dow Jones fell 0.9%, the S&P 500 fell 1.86%, and the Nasdaq Composite gained 2.76%.
The decline was due to weak earnings reports from Microsoft and Meta, fueling concerns about rising costs in artificial intelligence and low profits.
Amazon rose nearly 6% after higher-than-expected third-quarter results.
The company's cloud and advertising business showed significant growth, which boosted investor confidence.
Intel rose 7% on better-than-expected results and a positive sales forecast.
However, not all tech giants are enjoying the same success. Apple faced a 2% decline despite reporting good quarterly numbers.
The tech giant raised concerns by predicting slower growth during the holiday season and facing ongoing challenges in China.
Investors are now awaiting NFP jobs data and further earnings reports that could influence the direction of the market. The coming days are likely to bring more market moves as new information comes to light.
