Amazon Soars as Apple Sinks Amid Inflation Worries in Wild July Finish

US stocks closed July on a positive note despite rising concerns about inflation. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all rose by around 1% or more.

Amazon led the pack with a gain of over 5%, while Apple was among the worst performers, falling nearly 3%. This mixed performance comes as investors grapple with increasing inflation worries fueled by rising oil prices.

The AP's Stan Choe reported on the market's closing day, highlighting the stark contrast between Amazon and Apple. The two tech giants have been closely watched due to their differing strategies and performances.