Amazon Lifts US Stocks Amid Inflation Worries

U.S. stocks ended July on a high note as investors digested mixed results from tech giants Amazon and Apple amidst concerns over inflation.

The S&P 500 index rose 0.7% after seesawing between gains and losses throughout the day, while the Dow Jones Industrial Average added 276 points (0.5%) and the Nasdaq composite surged 1% after initially losing all of an early 1.3% jump.

The market's mixed performance came as Amazon soared, contributing to the S&P 500's gains, but Apple sank, pulling down the Dow Jones Industrial Average in the process.