The US markets ended in green on Friday as traders reacted positively towards Amazon’s earnings news. The shares of Amazon soared 9.6 percent after reporting better than expected third quarter results amid a sharp increase in cloud computing revenue. The shares of Netflix also turned in a strong performance on the day after the streaming giant announced its board of directors has approved a ten-for-one stock split. However, gains remained capped as uncertainty about the outlook for interest rates weighed on investors’ sentiments. Although the Federal Reserve (Fed) lowered interest rates by 25 basis points as widely expected, Fed’s Jerome Powell's post-meeting remarks partly offset optimism about another rate cut in December.

On the sectoral front, retail stocks turned in a strong performance amid the surge by Amazon, with the Dow Jones U.S. Retail Index spiking by 4.0 percent to its best closing level in over a month. Significant strength was also visible among airline stocks, as reflected by the 2.7 percent surge by the NYSE Arca Airline Index.

Dow Jones Industrial Average inched up 40.75 points or 0.09 percent to 47,562.87, Nasdaq climbed 143.81 points or 0.61 percent to 23,724.96 and S&P 500 rose 17.86 points or 0.26 percent to 6,840.20.