Wall Street’s main stock indexes closed higher on Friday, with their biggest boost coming from Amazon’s upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.

The S&P 500, the Nasdaq Composite and the Dow boasted weekly gains and their longest monthly winning streaks in years.

Amazon hits record high on strong sales forecast

Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12. But elsewhere in megacap companies, Apple’s shares closed down 0.4% after its forecast for iPhone holiday quar

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