The major averages finished in the green after dipping into the red midday as earnings keep pouring in from the big cap techs and the remaining S&P 500 components.  The Dow Jones Industrial Average rose 40 points to 47,562. The S&P 500 rose 17 points or 0.26% to 6840 while the Nasdaq rose 143 points or 0.6% to 23,724.

Friday marked the end of a strong week, and month, for Wall Street. The S&P 500 gained 0.7% this week, while the Nasdaq and Dow climbed 2.2% and 0.8%.

For October, the S&P 500 climb 2.3%. The Nasdaq jumped 4.7%, and the 30-stock Dow advanced 2.5%. The Dow posted its sixth positive month in a row for the first time since 2018.

Amazon led the rally in the tech space up shares rallied 9.6% after the e-commerce giant said its cloud computing unit’s revenue increased 20% in the third quarter, exceeding Wall Street’s estimates. The company’s CEO, Andy Jassy, said that AWS is “growing at a pace we haven’t seen since 2022” and that AI and core infrastructure are experiencing “strong” demand. Most of the big cap techs were quiet today. Netflix rose 2% after announcing a 10 for 1 stock split.

Interest rates moved up this week as the Fed cut rates, but set a hawkish tone on future policy. The yield on 10-year notes was unchanged at 4.09% after touching 4.10% earlier in the day. The yield on 2-year Treasury fell a basis point to 3.59% while the 30-year bond yield rose more than a basis point to 4.66%.

In the commodity space, oil was quiet once again hovering around $60 a barrel. Gold fell a percent, but closed higher for a third straight month. Crypto currencies rebounded up over 2%, but remain in correction territory.

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