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Amazon Earnings Bolster Tech Stocks, Drive Stock Market Gains

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AMZN
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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.

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