Amazon Earnings Bolster Tech Stocks, Drive Stock Market Gains
Stock indexes rose on Tuesday as Amazon's strong earnings report bolstered technology stocks.
The S&P 500 Index SPY closed up 0.23%, while the Nasdaq 100 Index QQQ surged 0.75% to a one-week high.
Amazon.com AMZN jumped more than 14% after its cloud unit reported the fastest quarterly revenue growth in five years, reassuring investors about the company's capital spending and AI infrastructure plans.