Wall Street's main stock indexes closed higher on Friday, with their biggest boost coming from Amazon's upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.

Wall Street stocks rebounded on Friday as investors welcomed strong earnings reports by Amazon and Apple. But Europe and Asian stock markets mostly fell at the end of a fluctuating week as traders reacted to company earnings,

Wall Street had ended lower on Thursday, with bloated AI spending by Meta reviving worries among investors. But after trading ended sentiment was boosted by Amazon reporting better-than-expected earnings driven by surging demand for its cloud computing services.

Wall Street moved higher on Friday with the major indexes advancing as upbeat earnings from big tech companies fueled investor optimism. Rising the most on the session was the tech focused Nasdaq Composite (COMP:IND) which was last up 0.

Apple, Amazon latest to beat forecasts. . Apple and Amazon both beat Wall Street expectations on Thursday (October 30), with Apple top

Apple and Amazon are due to post earnings after Thursday's market close. Apple, whose market value closed above $4 trillion for the first time Wednesday, edged higher another 0.6% today. Amazon shares were down about 2%.

Amazon and Apple reported earnings that beat Wall Street's expectations, pushing both stocks up in premarket trading. This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

The same is true of the Federal Reserve’s final rate decision of the year on Dec. 10, but outside of those two benchmarks, there appears little in the way of headline events that will stoke market gains over the final two months of the year.