Stock market today: S&P 500, Nasdaq rebound loses steam as Amazon soars after earnings shine

Group 1: Market Overview - US stock market experienced a bounce back but lost momentum in afternoon trading, with the Nasdaq Composite rising 0.5% and the S&P 500 gaining 0.1%, while the Dow Jones Industrial Average fell 0.2% [1] - Wall Street is on track for weekly gains, supported by strong earnings from major tech companies [1] Group 2: Company Earnings - Amazon's shares surged over 10%, reaching an all-time high above $250, after its Q3 results exceeded analysts' expectations, with its cloud division, Amazon Web Services, reporting a 20% revenue increase [2] - Apple also reached a record high above $277 following stronger-than-expected results and positive guidance for the holiday quarter [2] Group 3: Other Tech Developments - Nvidia is making a significant move into South Korea, planning to supply up to 260,000 AI chips to local companies and the government [3] - Netflix announced a 10-for-1 stock split, which helped maintain its share gains [3] Group 4: Federal Reserve Insights - Federal Reserve officials expressed differing views on interest rates, with Kansas City Fed president Jeff Schmid preferring to keep rates steady due to high inflation [4] - The Nasdaq is projected to gain over 5% for October, while the S&P 500 and Dow are expected to see gains of more than 2%, marking the first positive October for stocks since 2022 [4]