Stocks climb on strong earnings and tech boost

The stock market today witnessed a climb in the Dow Jones, S&P 500, and Nasdaq as investors reacted positively to strong corporate earnings and a boost in tech stocks. The Federal Reserve’s decision to lower rates earlier in the week also contributed to the positive sentiment among investors.

Tech stocks lead the rally

Tech giants like Amazon, Netflix, Tesla, and Palantir experienced significant jumps in their stock prices as Wall Street cheered the fresh momentum in AI technologies. Amazon’s stock soared by 11% after its AWS revenue surged by 20% to $33 billion, showcasing the strength of the tech sector.

Market performance in October

By the end of the month, the S&P 500 had climbed by 2%, the Nasdaq by 5%, and the Dow by 2%, making October one of the brightest months of 2025 for the market. The positive performance was further fueled by a surprise trade truce between Trump and Xi, as well as tariff cuts that added to the market’s confidence.