Amazon Boosts Sentiment as US Indices End Week Higher Amid Inflation Concerns
US stock indices ended higher on Friday, breaking two consecutive weeks of decline. The benchmark 10-year Treasury yield topped 4.7% for the first time since January 2025.
The S&P 500 rose 0.7%, while the Nasdaq 100 gained 0.6% and the Dow Jones Industrial Average increased 0.5%. However, the Russell 2000, which tracks stocks with small market capitalizations, fell 0.5%.
Amazon's earnings report sent its stock soaring 15% after it beat expectations for second-quarter revenue. This helped boost investor sentiment, despite some mixed results from other companies.
The Federal Reserve maintained interest rates unchanged in a decision led by Governor Kevin Warsh. However, inflation remains above the central bank's target of 2%, and investors are growing concerned about the Fed's plan to curb price pressures.