China cut its interest rate for the first time in two years, and it is leading to U.S. stocks heading to record numbers Friday.

During midday trading, the Dow Jones Industrial Average is up almost 100 points, according to CNBC.

A hot stock in the Dow Jones, which is included in the Dow 30, is IBM. The computer company is up about 0.42 percent at $161.31. Its 52-week low was actually Thursday at $159.80. So far Friday, over 1.9 million shares of IBM have changed hands.

Less than a month ago, Facebook (FB) was at its 52 week high of $81.16 (Oct. 28). This month, the stock has been relatively flat but is inching back toward the mid $70 range. Friday, it's trading at about $74 with 11.6 million shares trading so far.

From Oct. 24 to Friday, Amazon (AMZN) has been on a tear. On Oct. 24, the stock was trading at $284.40. Friday, the stock is trading at about $334 per share. Friday, it is up over 1 percent at $334.70 at 12:36 p.m. eastern time.

Amazon was recently initiated by Nomura as a "buy" rating. 

Video game retailer Gamestop (GME) is down big today at over 12 percent. The company sells used video games and consoles but has to compete with Wal-Mart and Best Buy's recent price reduction in video games. CNBC reports that Gamestop attributed its miss in earnings and revenue to the delayed release of Assassin's Creed: Unity.

Autodesk (ADSK) shares are up over 6 percent Friday during midday trading after the company had great earnings and revenue reports in its most recent quarter, Zacks reports.

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