Yahoo Financeยท2025-10-31 20:15Core Insights - A significant rally in major technology stocks continues, driven by strong earnings from companies like Amazon and Apple, which alleviated concerns about a potential tech bubble [1][3]. Group 1: Market Performance - The Magnificent Seven Index is on track for its seventh consecutive monthly gain, a streak only surpassed once in history [2]. - The S&P 500 Index increased by 0.2%, marking its sixth straight month of gains, with a nearly 40% rise since April, representing one of the fastest recoveries in stock market history [2]. - The Nasdaq 100 Index rose by 0.5% on Friday, reflecting the overall positive sentiment in the tech sector [2]. Group 2: Company Earnings - Amazon's shares surged due to its cloud unit achieving the strongest growth rate in almost three years, indicating robust performance in its core business [3]. - Apple projected a significant increase in sales for the holiday season following the release of new iPhones, reinforcing its position as a growth leader [3]. Group 3: Market Sentiment - Positive developments in trade negotiations, particularly regarding access to China's rare earths, have contributed to a more optimistic market outlook [4]. - Concerns about the economic outlook persist, especially after the Federal Reserve indicated a reluctance to further reduce interest rates, which could impact market dynamics [5][6].