Amazon leads megacap tech stocks higher; investors look past weak jobs report

S&P: 5,728.80 (+0.4%)
DJIA: 42,052.19 (+0.7%)
Nasdaq-100: 20,033.14 (+0.7%)
Eurostoxx: 4,877.75 (+1.0%)
U.S. crude futures: 69.49 (+0.3%)

On Friday, U.S. markets rebounded as Amazon led megacap tech stocks higher, while investors shook off a weak jobs report. The October jobs report showed that 12,000 jobs were added, far below the 100,000 estimated. Meanwhile, Amazon surged over 6% as its cloud and advertising business boosted profits past expectations, while shares of Intel rose over 7% upon positive guidance. For the week, the three indices closed lower, with the Nasdaq-100 snapping seven consecutive weeks of gains to close 1.6% lower week-on-week.

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