The Nasdaq Composite led gains among Wall Street's major indices on Friday, buoyed by a significant rally in Amazon shares.

The e-commerce and cloud-computing giant's stock jumped 13.7%, providing the primary lift for the tech-heavy index.

This surge helped offset declines in other large-cap technology names, most notably Apple, which weighed on the broader market sentiment.

The Dow Jones Industrial Average also closed higher, rising 82.26 points, or 0.16%, to finish the session at 52,290.32.

The divergence between the Nasdaq's performance and the more modest gains in the Dow highlights the continued rotation within the equity market, where growth-oriented tech stocks are driving the upside while traditional industrial and consumer staples lag.

Amazon's sharp recovery suggests renewed investor confidence in the company's growth trajectory, potentially driven by positive developments in its cloud infrastructure division or retail margins.