US stock market, Nov. 1 -- A powerful rally in megacap tech stocks showed no signs of slowing, fueled by solid September-quarter earnings, propelling the US stock market indices to historic winning streaks.

Amazon and Apple Inc. posted blowout earnings for the quarter, defying the warnings of a tech bubble and powering the Nasdaq 100 higher for the seventh straight month - its longest winning run in eight years. Meanwhile, the S&P 500 also notched its longest monthly streak since 2021 as it rose for the sixth month in a row.

The Nasdaq 100 index closed Friday's trade 0.48% higher at 25,858.13. It added 4.26% for the month. The S&P 500 index added 0.26% to 6,840.20, taking its monthly gain to 1.92%.

Amazon shares surged 9.58% on Friday,...