Stocks Gain as Traders Brush Off Big Tech Earnings: Markets Wrap
- S&P 500 rises despite losses from Amazon and Apple results
- Crude oil pushes higher; gold futures snap a two-day rally
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U.S. stocks rose Friday as traders weighed disappointing earnings and bond-market gyrations amid concerns over inflation and monetary tightening.
The S&P 500 gained 0.2% after opening lower on underwhelming results from Amazon.com Inc. and Apple Inc. The gains brought the benchmark index up 6.9% for October, it biggest monthly increase since last November. Meanwhile, the Nasdaq 100 pushed 0.5% higher, offset by gains in Tesla Inc. as well as Meta Platforms Inc. after its name change from Facebook Inc.