Amazon Soars, Apple Sinks Amid Inflation Worries

US stocks rose to finish a wild July for Wall Street on Friday, despite concerns about inflation and rising oil prices.

The Dow Jones Industrial Average added 276 points, or 0.5%, while the Nasdaq composite rallied 1% after briefly losing its early gains.

The S&P 500 climbed 52.09 points to 7,489.72, marking its first winning week in three months.

Amazon led the market with a leap of 15.3% after reporting stronger-than-expected profits for the latest quarter, with its cloud computing business experiencing rapid growth.