The CNN Money Fear and Greed index showed almost no change in the overall fear level, while the index remained in the “Fear” zone on Friday.
U.S. stocks settled higher on Friday, with the Nasdaq Composite gaining more than 100 points during the session as upbeat earnings from mega-cap giants kept the rally momentum alive. U.S. stocks recorded gains last month, as the S&P 500 added 2.3% and the Dow surged 2.5% in October. The Nasdaq jumped 4.7% last month.
Amazon.com Inc. (NASDAQ:AMZN) surged around 10% after reporting blowout results, with AWS revenue jumping 20% year over year to $33 billion. Apple Inc. (NASDAQ:AAPL) shares edged lower as optimism over iPhone 17 sales was tempered by weaker demand in China.
On the economic data front, Baker Hughes said oil rigs fell by six to 414 this week.
Most sectors on the S&P 500 closed on a negative note, with consumer staples, materials and utilities stocks recording the biggest losses on…
