Wall Street Closes Higher on Strong Earnings and Fed Rate Cut Hopes

Wall Street ended Friday's trading session on a high note, buoyed by positive third-quarter earnings reports from major companies like Netflix, American Express (AmEx), and Schlumberger (SLB), all of which posted significant gains. Additionally, market sentiment was uplifted by remarks from Federal Reserve Bank of Atlanta President Raphael Bostic, who expressed support for further interest rate cuts in the near future.