- Amazon, Alphabet, Microsoft and Intel results topped expectations on Thursday
- The Nasdaq composite surged 2.2 percent to a record close following the reports
- Facebook, Apple and Alibaba are due to report this week
Shares of the tech giants popped on Friday following the earnings beats: Intel closed up 7.38 percent, Amazon soared 13.22 percent, Alphabet jumped 4.26 percent and Microsoft rose 6.4 percent on the day. That led the tech-heavy Nasdaq composite to a record close of 6,701.26 on Friday.
As of Oct. 27, 74 percent of the 231 companies in the S&P 500 index that have announced results have beat expectations, according to Thomson Reuters I/B/E/S.