NEW YORK – Amazon led U.S. stock indexes higher on Friday, while a surprisingly weak jobs report marred by unusual events cemented bets on Wall Street that interest rates will fall again next week.

The S&P 500 rose 0.4% to recoup some of its loss from the previous day, which was its worst in eight weeks. The Dow Jones industrial average gained 0.7% and the Nasdaq composite gained 0.8%.

Amazon climbed 6.2% after posting a profit for the latest quarter that was bigger than analysts expected. This is the most significant force pushing the S&P 500 higher.

Intel, meanwhile, rebounded 7.8% despite a worse-than-expected loss. Its revenue topped analyst estimates and it gave an earnings forecast for the current quarter that also beat expectations.

Cardinal Health was another of the market’s biggest gainers, jumping 7% after beating analysts’ forecasts for earnings and revenue in the most recent quarter. It also raised its profit forecast for its fiscal year, which is only in its second quarter.

They helped offset a 1.2% decline from Apple, which said it expects revenue growth in the important holiday quarter to be in the low- to mid-single digits. This is less than the forecasts of several analysts.

Overall, the S&P 500 rose 23.35 points to 5,728.80. The Dow Jones gained 288.73 points to close at 42,052.19, and the Nasdaq Composite Index added 144.77 points, ending at 18,239.92.

In the bond market, Treasury yields rose after some swings following a highly anticipated report that U.S. employers added just 12,000 net workers to their payrolls last month. This is a far cry from the 115,000 hires expected by economists or the 223,000 jobs created by employers in September.

The almost unanimous expectation on Wall Street remains that the Federal Reserve will cut its main interest rate by a quarter of a percentage point next week. But the weaker-than-expected jobs report erased the slim chance traders saw that the Fed would keep rates steady, according to CME Group data.

The Fed kicked off its rate-cutting campaign in September with a larger-than-usual cut of half a percentage point, as it focuses more on keeping the labor market strong instead of just on the fall in inflation.

The two-year Treasury yield, which closely tracks expectations for Fed actions, initially fell after the jobs report was released but later climbed to 4.20%, from 4.18 % Thursday evening.

The yield on the 10-year Treasury note, which also takes into account future economic growth and other factors, also rose after a sharp fall. It climbed to 4.37%, compared to 4.29% Thursday evening.

Economists said Friday’s jobs report contained a lot of noise and perhaps not much signal. In addition to two hurricanes that left destructive trails across the United States during the month, a strike by Boeing workers also helped push down the numbers.

All of these distortions make the numbers difficult to analyze, “but it doesn’t change our view that the labor market is expected to slow further in the coming months,” said Scott Wren, senior global market strategist at the Wells Fargo Investment Institute. .

The hope on Wall Street is that the economy will still avoid a recession, even with the expected labor market slowdown, thanks in part to the Fed’s anticipated interest rate cuts. The global economy has so far remained more resilient than feared.

Another report released Friday said the U.S. manufacturing sector contracted more last month than economists expected. It’s one of the sectors of the economy hardest hit by the Fed keeping interest rates at their highest level in two decades through September.

In overseas stock markets, indexes rose in much of Europe after finishing lower in much of Asia outside Hong Kong.

The price of oil, meanwhile, rose again, further reducing its loss for the week. The barrel of benchmark American crude increased by 0.4%. Brent crude, the international standard, also climbed 0.4%.

Choe writes for the Associated Press.