**Amazon Drives Wall Street Rebound Despite Weak Job Growth Figures**

Wall Street experienced an upswing on Friday, shaking off the previous day's losses as Amazon's robust earnings helped to offset a disappointing October job growth report. Despite this recovery, all three major indexes posted weekly losses.

The Dow Jones Industrial Average surged by over 500 points following the release of the jobs data but later pared its gains. It ultimately closed up by 288.73 points, or 0.7%, ending the session at 42,52.19. Meanwhile, the S&P 500 increased by 0.4%, and the Nasdaq rose by 0.8%.

Amazon's shares soared by 6.2% after the company reported strong retail sales and profits that exceeded Wall Street estimates. This positive development provided a lift to the market, despite recent earnings warnings from Meta Platforms and Microsoft related to the costs of AI infrastructure, which had led to a dip in the Nasdaq on Thursday.

Sam Stovall, chief investment strategist at CFRA Research, remarked on the renewed investor optimism at the start of the new month, particularly following the sharp decline on the previous day. He credited encouraging earnings from tech giants Apple and Amazon as key factors in the market's recovery.

The equity markets seemed unperturbed by the lackluster October nonfarm payroll data, which showed a much smaller-than-expected increase of just 12,000 jobs. Economists had anticipated a rise of 113,000 jobs. Nonetheless, the unemployment rate remained steady at 4.1%, providing some reassurance about the resilience of the labor market ahead of the upcoming presidential election.

Stovall pointed out that third-quarter earnings, interest rates, and the election are likely to remain significant factors influencing market behavior in the near term. Following the job data release, investor expectations largely persisted that the central bank would cut rates by 25 basis points in November.

Intel saw a substantial increase of 7.8% after delivering a revenue forecast that surpassed expectations. Chevron also enjoyed a 2.9% rise, bolstered by higher oil output that led to better-than-expected third-quarter profits.