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Wall Street shakes off Amazon, Apple weakness to end modestly higher

The Dow Jones Industrial Average rose 89.08 points, or 0.25%, to 35,819.56

Wall Street, US stocks, S&P, Dow Jones
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The S&P 500 had fallen as much as 0.65% earlier in the day.

Chuck Mikolajczak | Reuters
US stocks shook off early declines and closed out the last trading day of the month with modest gains on Friday as a rise in Microsoft helped offset declines in Amazon and Apple after disappointing quarterly earnings from the online retailer and iPhone maker.

Microsoft Corp's shares closed at a record high of $331.62 and ended the session with a market capitalization of $2.49 trillion, surpassing Apple Inc's market cap of roughly $2.48 trillion.

Apple lost 1.81% after it warned the impact of supply-chain disruptions will be even worse during the current holiday sales quarter, while Amazon.com Inc declined 2.15% as it