Amazon's Strong Earnings Buoy The Market. Stocks Climb Again As July Comes To a Close
Amazon shares rose more than 10% as investors welcomed its AI spending plan and cash-flow outlook, while Microsoft also lifted futures after an earnings beat.
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(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market started mixed as they digested Amazon's earnings announcement and strength in semiconductor stocks.
US stock market today: S&P 500, Nasdaq futures extend rally on strong tech earnings; Amazon up 13%
Technology stocks saw a rebound driven by strong earnings, but July is set for a 7% decline for Nasdaq-100. Oil prices climbed amid Middle East tensions, benefiting Exxon and Chevron, which reported substantial profit increases. Investor sentiment remains cautious due to geopolitical instability.
Microsoft and Amazon surprise: Now investors are buying up AI againAI stocks may have found a bottom now. After several weeks of significant price declines among AI and chip stocks, this week's financial statements from the American
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