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Amazon, Alphabet, Microsoft, and 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 and Microsoft rose 6.4 percent on the day. That led the tech-heavy Nasdaq composite to a record close of 6,701.26 on Friday.
Ahead, Facebook is expected to release its results on Nov. 1. Apple and Alibaba are due to report a day later.
As of Oct. 27, 74 percent of the 231 companies in the S&P 500 index that have announced results have beat expectations, according to Thomson Reuters I/B/E/S.
Source: Reuters
