US EditionAmazon Carries Wall Street to the Finish of Another Winning Week and Month
Amazon's 10% stock surge, driven by stronger-than-expected quarterly profits and cloud growth, helped the S&P 500 close its longest monthly winning streak since 2021, rising 0.3%.
- On Friday, Amazon led the U.S. stock market to the finish of another winning week and month, jumping 10.3% after a quarterly profit that topped expectations.
- CEO Andy Jassy said Amazon's cloud growth has reaccelerated to a pace not seen since 2022, and the company is worth roughly $2.4 trillion.
- Shares linked to corporate actions and earnings responded as Netflix announced a 10-for-1 stock split , lifting its shares 3.3% on Friday.
- The S&P 500 rose 10.3% and pulled closer to its all-time high set on Tuesday, relying on Amazon's gains to offset broader weakness.
- Bond-Market moves and central-bank signals point to tighter conditions as the 10-year Treasury dipped to 4.09% from 4.11% late Thursday and remains above the more than 3.99% level before Powell's warning.
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24 Articles
The AEX closed 1 percent lower, driven by declines in ASML, ING, AkzoNobel, and Adyen in particular. UMG remained the day's winner thanks to better-than-expected quarterly results. In the Midkap, investors sold construction companies BAM and Heijmans. Wall Street maintained the upward trend. Amazon, Microsoft, and Apple were the top performers on the final day.
The Detroit News
Amazon leads Wall Street toward the finish of another winning week and month
Amazon is leading the U.S. stock market on Friday to the finish of another winning week and month.
The Nasdaq and S&P 500 indices moved higher today, supported by Amazon's strong quarterly results. The high-tech Nasdaq index rose 0.61%, closing at 23,724.96… Amazon launched Wall Street - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
Online retailer and tech giant Amazon was a standout performer on the New York stock exchanges on Friday. Investors on Wall Street reacted positively to Amazon's quarterly results. Apple also reported earnings, but its stock declined slightly.
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