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Informist, Monday, Nov. 3, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: US indices end higher Fri led by strong Q2 results from Amazon

MUMBAI--0807 IST--US indices ended higher Friday led by a 10% gain in shares of Amazon following the company's strong quarterly results. Benchmark indices Dow Jones Industrial Average and S&P 500 snapped a two-day losing run and closed slightly higher, and the tech-heavy Nasdaq Composite ended 0.6% up. 

The Dow Jones index saw its sixth consecutive month of gains for the first time since 2018. Though the US market saw some of its largest one-day losses in October in the history, the S&P 500 gained over 2% during the month, Nasdaq jumped almost 5%, and Dow Jones rose nearly 3%. 

Shares of Amazon surged after the e-commerce giant said its revenue from cloud computing unit rose 20% in the reporting quarter, beating the Street's view. Amazon Web Services, a comprehensive cloud platform offered by Amazon, is "growing at a pace we haven't seen since 2022," Andy Jassy, chief executive officer of the company, was quoted by CNBC-TV18. He also said that artificial intelligence and core infrastructure are experiencing strong demand. 

Following Amazon's results, investors were optimistic about AI players. AI software firm Plantir rose 3% and AI player Oracle gained over 2%. Netflix gained almost 3%, also supporting the rise in the Nasdaq Composite after the company announced a 10-for-1 stock split. Electric car major Tesla rose almost 4%. 

Following are the closing levels of US indices Friday:         

(Adhithya Aji) 

End 

US$1 = INR 88.77

Edited by Akul Nishant Akhoury

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