Dow Climbs 367 Points as Amazon Surges on Strong Earnings

The US stock market ended July on an upbeat note, with the Dow Jones Industrial Average rising 367.07 points or 0.70% to close at 52,575.13.

The S&P 500 Index was up 0.83% to end the day at 7,498.92, while the Nasdaq Composite Index surged 1.06% to close at 25,387.48.

AWS revenue growth and rising optimism about AI investments drove Amazon's stock up around 13%, with the tech giant accounting for much of the Dow's gains.

Oil prices were higher amid Middle East tensions, which could fuel concerns about inflation and interest rates.