Optimism on Wall Street generally increased towards the end of the trading day.
The broad S&P 500 index moved sideways for a long time but turned up to plus 0.3 percent. The index ended the month as a whole in the green for the sixth time in a row, which is the longest monthly streak of plus figures since 2021, writes AP.
The Dow Jones industrial average climbed 0.1 percent, marking its sixth consecutive month of gains for the first time since 2018.
Amazon surged 9.6 percent after the retail giant reported an unexpectedly strong quarterly report after the close on Thursday. Revenue from the company's cloud services rose 20 percent in the quarter, which appears to have eased investor concerns about an AI bubble. According to CEO Andy Jassy, the growth in the cloud business is the strongest since 2022.
Other companies in the AI sector followed suit. Palantir and Oracle, for example, rose 3.0 and 2.2 percent, respectively.
