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

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