By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — The mighty heft of Amazon is hoisting the U.S. stock market higher on Friday.

The S&P 500 rose 0.5%, erasing some of its slump from the day before and pulling closer to its all-time high set on Tuesday. The index is on track to close a third straight winning week and a sixth straight winning month, which would be its longest monthly winning streak since 2021.

The Dow Jones Industrial Average was up 61 points, or 0.1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.9% higher.

Amazon led the way after jumping 11.4%. The retail giant was by far the strongest force lifting the market after reporting profit for the latest quarter that blew past analysts’ expectations. CEO Andy Jassy said growth for its booming

See Full Page