US Stocks Surge on Amazon's Earnings Boost, Despite Volatility

The US stock market experienced a volatile trading day on Friday, July 31, 2026. The Dow Jones Industrial Average advanced by 367.07 points or 0.70%, to 52,575.13.

The S&P 500 increased by 0.83% to 7,498.92 and the Nasdaq grew by 1.06% to 25,387.48.

The gains were largely driven by a rebound in technology stocks, with Amazon leading the pack, surging between 13% and 15%. The company's cloud services segment generated revenues of $42.23 billion, beating estimates of $40.54 billion.

However, not all stocks performed well, with Apple experiencing a drop of approximately 9.2% to 9.9%, making it one of the session's biggest large-cap losers.