Dow Surges as Amazon Leads Gains, Oil Prices Rise Amid Tensions

The Dow Jones Industrial Average rose 0.70% to close at 52,575.13 on Friday, led by Amazon's 13-15% surge due to strong cloud computing results.

Amazon's revenue growth from AWS services exceeded expectations, reaching $42.23 billion, while Apple stock fell over 9% after quarterly earnings.

The Nasdaq Composite Index increased 1.06% to close at 25,387.48, with the Russell 2000 declining 0.65% as tech stocks continued their rally despite macroeconomic concerns.

Oil prices rose due to Middle East tensions, reaching $84.66 per barrel for West Texas Intermediate and $88.15 per barrel for Brent Crude, fueling inflation fears and interest rate pressures on growth-oriented tech stocks.