With buying sentiment improving on strong results from Apple and Amazon, the three major U.S. stock indexes ended higher.
On Oct. 31 (Eastern time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average finished at 47,562.87, up 40.75 points, or 0.09%, from the previous session.
The Standard & Poor's (S&P) 500 rose 17.86 points, or 0.26%, to 6,840.20, and the Nasdaq composite gained 143.81 points, or 0.61%, to 23,724.96.
Strong results from Apple and Amazon improved investor sentiment, mainly in tech stocks, turning the indexes from the previous day's decline to gains.
After the close the previous day, Amazon said third-quarter revenue was $180.17 billion and adjusted earnings per share (EPS) were $1.95. The results topped expectations.
In particular, the cloud services and capital expenditures (CapEx) segments drew praise, lifting the share price by 9.58%.
Apple also beat expectations with third-quarter revenue of $12.47 billion and EPS of $1.85.
However, as month-end profit-taking intensified, the indexes pared gains. The Nasdaq climbed as much as 1.55% intraday before closing nearly flat.
By sector, consumer discretionary rose more than 4%. The sector was buoyed by gains in Amazon and Tesla.
Netflix rose 2.74% after deciding to split its stock 10-for-1.
Tesla advanced 3.74% as buying in the consumer discretionary sector strengthened.
Meta fell 2.72% on continued concerns about AI infrastructure spending. After two days of declines, Meta's market capitalization shrank to $1.4 trillion, slipping behind Tesla.
According to the Chicago Mercantile Exchange (CME) FedWatch Tool, federal funds futures reflected a 31.2% probability that the benchmark rate will be held steady through Dec., while the probability of a 25-basis-point cut fell to 68.8%.
The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) stood at 17.44, up 0.53 point, or 3.13%, from the previous session.