Stocks rise with Amazon; US yields up as investors digest weak jobs data

NEW YORK, Nov 1 - Global stock indexes climbed on Friday with Amazon.com shares rallying following the company's stronger-than-expected results, while benchmark 10-year Treasury yields rose as investors digested a weak U.S. jobs report

"We've made it most of the way through the Big Tech names, and were probably not as bad as people feared and, in some cases, were pretty good. So investors decided that the little bit of a sell-off we had the last couple of days was unwarranted," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.

Benchmark 10-year yields were last up 2.5 basis points at 4.309% after earlier dropping to 4.222%. They reached a nearly four-month high of 4.339% on Tuesday. Based on the latest available data, the Dow Jones Industrial Average , rose 288.34 points, or 0.69%, to 42,051.80, the S&P 500 , rose 23.46 points, or 0.41%, to 5,728.91 and the Nasdaq Composite , rose 144.77 points, or 0.80%, to 18,239.92.

British bonds are still set for a weekly rise driven by the new Labour government's tax-and-spend budget igniting concerns over inflation and growth.

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