This article first appeared on GuruFocus.

U.S. markets opened higher Friday, with the S&P 500 and Nasdaq pushing up as big tech names led gain.

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The Dow Jones Industrial Average rose about 0.1% to roughly 47,588, a touch below its Oct. 28 record close of 47,706. The S&P 500 opened about 0.7% higher, while the Nasdaq climbed roughly 1.5%, reflecting strong momentum in technology shares.

Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) were among the winners, helping lift broad-market sentiment. Traders said October’s resilience comes despite lingering uncertainty over the timing of Federal Reserve rate cuts and ongoing worries about a potential U.S. government shutdown.

Market breadth looked positive at the open, with notable strength in software and cloud names. Investors also flagged mixed economic signals and quieter domestic data, which could leave policy expectations unchanged in the near term.