Amazon, Alphabet, Microsoft as well as Intel topped earnings expectations when the companies reported their quarterly results after the market close on Thursday.
Shares of the tech giants popped on Friday following the earnings beats: Intel closed up 7.38 percent, Amazon soared 13.22 percent, Alphabet jumped 4.26 percent as well as Microsoft rose 6.4 percent on the day. that will led the tech-heavy Nasdaq composite to a record close of 6,701.26 on Friday.
Ahead, Facebook is actually anticipated to Discharge its results on Nov. 1. Apple as well as Alibaba are due to report a day later.
As of Oct. 27, 74 percent of the 231 companies inside S&P 500 index that will have announced results have beat expectations, according to Thomson Reuters I/B/E/S.