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Nasdaq Surges Over 200 Points; Amazon Shares Jump After Strong Results

Benzinga ·  00:26

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.

The Dow traded up 1.18% to 42,254.81 while the NASDAQ surged 1.31% to 18,332.35. The S&P 500 also rose, gaining, 0.95% to 5,759.63.

Leading and Lagging Sectors

Consumer discretionary shares rose by 2.9% on Friday.

In trading on Friday, utilities shares fell by 1.1%.

Top Headline

Amazon.com Inc.(NASDAQ:AMZN) shares surged 7% on Friday after the copany posted stronger-than-expected results for the third quarter.

Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to...

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