Stocks
Amazon Surge Lifts Nasdaq Amid Cloud Revenue Growth
The Nasdaq Composite Index opened higher on Friday, July 31, 2026, as Amazon's strong cloud revenue growth boosted investor confidence. The company's 12% jump was a significant contributor to the positive market sentiment.
The Dow Jones Industrial Average rose by 27 points, or 0.05%, to 52,235.03 at the opening bell. Meanwhile, the S&P 500 Index increased by 24.5 points, or 0.33%, to 7,462.13.
Amazon's AI concerns seem to be put to rest after delivering strong cloud revenue growth, which helped offset Apple's decline in the market.