The mighty heft of Amazon is hoisting the U.S. stock market higher on Friday.

The S&P 500 rose 0.6%, erasing much of its slump from the day before and nearing 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 37 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.3% higher.

Amazon led the way after jumping 11.6%. The retail giant was by far the strongest force lifting the S&P 500 after reporting profit for the latest quarter that blew past analysts’ expectations. CEO Andy Jassy said growth for its booming huge cloud-computing business has reaccelerated back to a pa

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