US stock market today: Nasdaq rises as Amazon rallies strongly
Amazon shares rose 13.7% after reporting its strongest quarterly revenue growth in over four years, boosting the Nasdaq.
Amazon, Microsoft, and Alphabet reported robust cloud business growth, easing investor concerns over heavy AI spending.
The S&P 500 consumer discretionary sector led the market, rising 5.2%, driven largely by Amazon's gains.
Apple shares fell 9.8% after cautioning that supply constraints would weigh on growth, tempering overall gains.
The Federal Reserve kept its benchmark rate unchanged, introducing uncertainty over the interest-rate outlook.
Story angle
Center-right
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family