Economy Country November 01, 2024

Stocks Rise with Amazon Leading Tech Gains

U.S. stocks rose on Friday in the first sessions of November, with Amazon leading a surge in major tech shares. Investors reacted positively to emerging market data.


On Friday, American stocks rose in the first days of November. Stocks of technology giants, particularly Amazon, boosted the market to growth.

The technology sector showed positive dynamics, lifting the stock market. A significant increase in the value of Amazon shares contributed to the overall growth.

"Economic data and company profits are impressive," noted an expert. "We see positive trends that support stock market growth."

As a result, the S&P 500 index added 0.9%, NASDAQ - 1.4%, and Dow Jones - 1.2%.