U.S. stocks were rising Friday afternoon, as shares of Amazon surged following its quarterly earnings results. The Dow, S&P 500 and Nasdaq were on pace to wrap up October with monthly gains despite the government shutdown.

Investors were likely pleased with a re-acceleration in Amazon's closely watched cloud computing unit, which reported $33 billion in sales, up 20% year-over-year and topping analyst estimates.

Amazon.com, Inc. outperformed expectations for Q3 2025, with AWS and Ads growth accelerating. Learn more about AMZN stock here.

Amazon stock is up 43% over the last five years, badly underperforming other Magnificent Seven stocks and the broader S&P 500.

Investors cheered the tech giant’s latest results showing that its huge investments in artificial intelligence are beginning to show returns.

Amazon's stock surged 13% after the company reported hotter-than-expected earnings and revenue growth of 20% in its cloud business. The e-commerce giant also hiked its capital expenditures guidance for 2025 to $125 billion and said that the figure should be even higher next year.

NEW YORK (AP) — Amazon led the U.S. stock market on Friday to the finish of another winning week and month. The S&P 500 rose 0.3% and pulled closer to its all-time high set on Tuesday. It closed out a third straight winning week and a sixth straight winning month, its longest monthly winning streak since 2021.

The company posted earnings of $1.13 a share for the third quarter, above analysts’ consensus estimates of $1.02. Revenue totaled $189.9 million, below Wall Street’s call for $192.1 million but up 16% from the year prior. SPS stock was down 31% in premarket trading Friday. Shares had declined 44% already this year as of Thursday’s close.