Amazon Soars as US Stocks Conclude Wild July with Gains

US stocks concluded a wild July on a positive note, with Amazon leading the market in gains. The S&P 500 rose by 0.7%, while the Dow Jones Industrial Average added 276 points, or 0.5%. The Nasdaq composite also gained 1% after a brief loss.

The month's performance was marked by volatility due to rising oil prices caused by the war with Iran and concerns about inflation staying high. Tech stocks were a mixed bag, with Amazon soaring 15.3% after reporting stronger-than-expected profits, while Apple declined.

The surge in oil prices contributed to worries about inflation, which had a bearing on market performance throughout July. The month saw the S&P 500 finish with a tiny loss despite Friday's gains, marking its first winning week in three.