Stocks rallied Friday to kick off November as Amazon led big technology stocks into the green and traders looked past a disappointing jobs report.
The Dow Jones Industrial Average gained 288.73 points, or 0.69 percent, ending at 42,052.19. The S&P advanced 0.41 percent to close at 5,728.80 while the Nasdaq Composite rose 0.8 percent to 18,239.92.
Amazon rallied 6.2 percent as strength in the cloud and advertising businesses propelled the e-commerce giant above Wall Street's earnings expectations. Intel popped 7.8 percent after exceeding analysts’ forecasts for revenue and offering strong guidance. The two stocks helped lift investor sentiment following some notable earnings disappointments this week.
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