Stocks
Amazon Soars, Apple Sinks as US Stocks Finish Wild July
The US stock market finished July with a gain after a wild ride that saw Amazon soar and Apple sink.
Amazon's 15.3% jump led the market, driven by its strong quarterly profit report, which more than tripled from last year thanks in part to growth in cloud computing.
The company also increased its forecast for investments this year, sparking hopes that its huge AI investments are paying off.
The tech sector's performance was mixed, with chip companies Micron Technology and others swinging sharply due to the demand driven by hyperscalers like Amazon.