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Commodities

Amazon Rises as Oil Prices Soar, Inflation Worries Linger

Guavy AI Editorial Team
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Oil
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US stocks swung wildly on Friday, ending July on a high note after Amazon's impressive quarterly earnings and rising oil prices sent investors scrambling.

The S&P 500 rose 0.7%, with Amazon leading the market charge at 15.3% after reporting triple-digit profits due to its cloud computing business growth.

In contrast, Apple dropped 7.4% despite strong profit numbers, as its revenue forecast fell short of expectations due to a supply crunch in components.

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