Wall Street was poised to claw back some of its losses from a day earlier after some familiar names in the tech sector reported stronger-than-expected quarterly results.

Markets are still exploding to higher per-market. For one, markets are waiting for the Federal Reserve’s decision later today. “Markets are assigning a nearly 100% probability that the Federal Open Market Committee will approve a second consecutive quarter percentage point,

Amazon plans to cut up to 30,000 office jobs - Reuters. Meta, Snap, TikTok to comply with Australia’s under-16 social media ban. Strategy gets junk credit rating from S&P.

Amazon's stock popped 13% on Thursday afternoon, fueled by huge Q3 growth at AWS. The earnings call with analysts is scheduled for 5 p.m. ET.

Alphabet, Meta, Microsoft, Apple, and Amazon are all set to post earnings this week. Plus, the Federal Reserve is expected to cut interest rates again this week. With such strong catalysts, it’s no wonder that analysts are pounding the table with stock upgrades.

Shares of Amazon.com Inc. (NASDAQ:AMZN) surged more than 11% in early trading Friday after the tech giant reported better-than-expected third-quarter results, fueled by renewed growth in its Amazon Web Services (AWS) division and soaring demand for artificial intelligence (AI) infrastructure.