Market Updates: Amazon's Strong Earnings Propel Stock, Apple Faces Pressure

Reported 2 days ago

The earnings season is underway with significant reports from major tech companies, including Amazon and Apple. Amazon's stock surged 10% following a 20% increase in AWS revenue, while Apple's shares dipped after missing iPhone sales projections despite beating earnings estimates for Q4. Analysts predict a 10.7% rise in S&P 500 earnings, indicating a positive shift from prior expectations, with several artificial intelligence companies set to report their results in the coming week.

Source: YAHOO

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