Highlights
Stocks ended slightly better Friday with the S&P and Nasdaq getting a lift from a rally in Amazon after blowout quarterly results . The Dow Jones industrial average firmed by 0.1 percent, the S&P 500 gained 0.3 percent, and Nasdaq rose 0.6 percent. US Treasury yields declined, the dollar rose while oil prices edged up.
News from Amazon that revenue at its cloud computing unit surged in the quarter boosted the stock by 10 percent on the day to a record closing high. Other AI names including Palantir and Oracle joined the rally. Among other movers, Exxon Mobil and Chevron were winners after better than expected quarters.
News from Amazon that revenue at its cloud computing unit surged in the quarter boosted the stock by 10 percent on the day to a record closing high. Other AI names including Palantir and Oracle joined the rally. Among other movers, Exxon Mobil and Chevron were winners after better than expected quarters.
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.
