01:59 PM EDT, 11/01/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday as Amazon.com ( AMZN ) shares rallied after the e-commerce giant's quarterly results topped Wall Street's estimates.

The Nasdaq Composite was up 1.1% at 18,299.7 after midday Friday, while the Dow Jones Industrial Average rose 1% to 42,183.2. The S&P 500 added 0.8% to 5,752.1. Among sectors, consumer discretionary led the gainers, while utilities saw the biggest drop.

In company news, Amazon ( AMZN ) shares were up 6.6%, among the best performers on all three indexes. Late Thursday, Amazon ( AMZN ) logged third-quarter results that surpassed the Street's estimates amid double-digit revenue gains for its cloud-computing platform and advertising business.

Charter Communications ( CHTR ) delivered a third-quarter beat Friday, buoyed by double-digit revenue gains in residential mobile services and advertising. The broadband connectivity company and cable operator's shares surged 13%, the top gainer on the Nasdaq and the second-best on the S&P 500.

Apple ( AAPL ) shares were down 1.3%, the steepest decline on the Dow. Late Thursday, the tech giant posted better-than-expected fiscal fourth-quarter results amid higher iPhone and Mac sales, while it incurred a one-time tax charge of $10.2 billion related to a European court order in September.

Super Micro Computer ( SMCI ) was the worst performer on the Nasdaq and the second-worst on the S&P 500 intraday Friday, down 8.1%.

The US 10-year yield increased 6.1 basis points to 4.35%, while the two-year rate added 2.3 basis points to 4.19%.

In economic news, US job creation fell well short of the Street's estimates in October amid an ongoing Boeing ( BA ) strike and potential hurricane-related disruptions, according to government data.

The jobs report "is more relief than alarm" for the Federal Reserve, Jefferies said, adding that the central bank is seen delivering a 25-basis-point interest rate cut next week and in December.

The US manufacturing sector remained in contraction territory in October amid output weakness ahead of the presidential election, two separate surveys from the Institute for Supply Management and S&P Global ( SPGI ) showed.

"Demand remains subdued, as companies continue to show an unwillingness to invest in capital and inventory due to concerns about federal monetary policy direction in light of the fiscal policies proposed by both major (political) parties," said Timothy Fiore, chair of the ISM's manufacturing business survey committee.

West Texas Intermediate crude oil rose 0.8% to $69.81 a barrel intraday. "Oil prices extended gains after reports that Iran was preparing for a retaliatory strike on Israel from Iraq in the coming days," D.A. Davidson said in a note.

Gold was up 0.1% at $2,750.90 per troy ounce, while silver fell 0.4% to $32.68 per ounce.