12:08 PM EDT, 10/31/2025 (MT Newswires) -- US equity indexes rose Friday after a rally in Amazon ( AMZN ) shares boosted the consumer discretionary sector.

The Nasdaq Composite jumped 1.1% to 23,842.9, with the S&P 500 up 0.6% to 6,860.2 and the Dow Jones Industrial Average 0.2% higher at 47,599.5.

The consumer discretionary sector, home to Amazon ( AMZN ), was the standout gainer intraday, up 4.2%. Utilities and consumer staples led the decliners.

Amazon ( AMZN ) reported higher Q3 results that topped analysts' estimates. Shares of the online retailer soared over 10% intraday, among the top gainers on the S&P 500, the Dow, and the Nasdaq.

Morgan Stanley said in a Friday note that Amazon ( AMZN ) is set to see faster growth at its web services division due to expanding data center capacity, increasing chip availability, surging backlog, and software innovations.

Apple's ( AAPL ) fiscal Q1 sales will likely grow 10% to 12% year-over-year, and iPhone revenue is set to rise double digits, Chief Financial Officer Kevan Parekh said, after the company reported higher fiscal Q4 earnings and sales. Apple's ( AAPL ) market capitalization recently surpassed the $4 trillion mark.

In economic news, the Institute for Supply Management's Chicago PMI reading rose to 43.8 in October from 40.6 in September, stronger than the 42.0 print expected in a survey compiled by Bloomberg.