Nasdaq Surges Over 200 Points; Amazon Shares Jump After Strong Results

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Friday.

The Dow traded up 1.18% to 42,254.81 while the NASDAQ surged 1.31% to 18,332.35. The S&P 500 also rose, gaining, 0.95% to 5,759.63.

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Leading and Lagging SectorsConsumer discretionary shares rose by 2.9% on Friday.

In trading on Friday, utilities shares fell by 1.1%.

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Amazon.com Inc. (NASDAQ:AMZN) shares surged 7% on Friday after the copany posted stronger-than-expected results for the third quarter.

Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to data from Benzinga Pro. The company said it sees fourth-quarter net sales to come in a range of $181.5 billion to $188.5 billion, up 7% to 11% year-over-year.

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ChromaDex Corporation (NASDAQ:CDXC) shares shot up 55% to $5.41 after the company reported a year-over-year increase in third-quarter EPS results and raised its ...