US stock market: Nasdaq has its longest winning streak in eight years thanks to Alphabet, Amazon, and other tech giants.

US stock market: Despite fears of a tech bubble, Amazon and Apple Inc. reported spectacular quarterly earnings, driving the Nasdaq 100 higher for the seventh consecutive month, its longest winning streak in eight years.

US stock market: Driven by strong September-quarter profits, a strong rise in megacap tech firms showed little signs of abating, sending US stock market indices to all-time highs.

Despite predictions of a tech bubble, Amazon and Apple Inc. reported spectacular quarterly earnings, driving the Nasdaq 100 higher for the seventh consecutive month, its longest winning streak in eight years. In the meantime, the S&P 500 climbed for the sixth consecutive month, recording its longest monthly streak since 2021.

At 25,858.13, the Nasdaq 100 index ended Friday's trading session up 0.48%. 4.26% was added for the month. At 6,840.20, the S&P 500 index gained 0.26%, bringing its monthly gain to 1.92%.

US markets are boosted by tech profits.

Following the release of its cloud division AWS's 20% revenue growth, the most in nearly three years, Amazon's shares jumped 9.58% on Friday and 9.8% in October. Amazon's third-quarter revenue of $180.2 billion exceeded the $177.9 billion predicted by Wall Street.

Following the release of the new iPhones, Apple predicted a spike in sales throughout the holiday season, giving investors more assurance that its flagship product would continue to generate profits. On Friday, though, the stock closed the day flat due to some profit-taking. Nonetheless, it has increased by more than 5% for the month.

Top gainers from Nasdaq 100 index
Name	Daily	1 Month
AMD	0.5	50.9
Micron	-0.11	21.78
Intuitive Surgical	0.8	20.6
Warner Bros Discovery	3.84	16.68
Shopify Inc	0.14	14.91
Alphabet A	-0.1	14.45
Alphabet C	-0.03	14.36
Atlassian Corp Plc	5.45	12.16
Arm	2.64	11.62
Amazon.com	9.58	9.81
Broadcom	-1.82	9.3
CrowdStrike Holdings	0.8	9.3
Cognizant A	0.96	8.78
Marvell	5.84	8.75
Regeneron Pharma	-0.34	8.63
Gilead	1.14	8.35
Zscaler	2.83	7.66
Datadog	3.65	7.42
Intel	-0.42	7.21
NVIDIA	-0.2	7.2
Palantir	3.04	7.17
Qualcomm	2.05	7.14
Lam Research	-2.2	7.12
Cisco	0.27	7.03
KLA Corp	-0.47	6.1
American Electric Power	-1.34	5.99
Keurig Dr Pepper	-1.88	5.52
Constellation Energy	-1.43	5.47
Palo Alto Networks	0.9	5.23
Apple	-0.38	5.15
Tesla	3.74	4.72
Applied Materials	0.24	4.25
Airbnb	0.16	4.16
Vertex	1.35	4.09

Another stock that stole the show in trading was Netflix, which rose by almost 3% on Friday after announcing a 10:1 stock split and rumors that it would be added to the Dow Jones index. The stock has risen 25% in 2025 thus far, despite a 3.7% monthly decline.

Tesla's stock increased 4.72% for the month and 3.7% during the most recent trading session.

Chip and semiconductor stocks, such as AMD and Micron, were the biggest monthly gainers, up 51% and 22%, respectively.

Among the top performers was Alphabet stock, which had a 15% increase this month due to better-than-expected profits. The business reported $102.35 billion in revenue for the quarter, surpassing this milestone for the first time.

Meta and Microsoft fared poorly, with the former shedding 11% and the latter remaining flat during the month.

The US stock market had a volatile month.

A historic winning streak was achieved by stock market bulls in spite of a number of obstacles, indicating a resurgence of investor confidence in US corporate results, which were mostly driven by tech companies.

Traders had a lot to process in October, from trade and geopolitical threats to the possibility of a US government shutdown and high valuations. However, earnings optimism remained stronger than worries.

The US stock market and global markets are still affected by Fed members' remarks indicating that there will be no rate drop at the December meeting.

According to a Bloomberg article, November marks the beginning of the greatest six months of the year for US stocks, if past performance is any indication. But there are worries about high valuations and a robust 2025 surge. According to the analysis, the US stock benchmark is trading at 23 times anticipated profits, which is much higher than its average over the previous 20 years.