Stock market today: Nasdaq leads gains as Amazon crosses $2 trillion market cap

in #steem • 7 days ago

Stock market today: Nasdaq leads gains as Amazon crosses $2 trillion market cap
https://finance.yahoo.com/news/stock-market-today-nasdaq-leads-gains-as-amazon-crosses-2-trillion-market-cap-114207325.html

Summary

Certainly! Here are the key takeaways from the article "Stock market today: Nasdaq leads gains as Amazon crosses $2 trillion market cap":[^1^][1][^2^][2]

  • Amazon's Milestone: Amazon (AMZN) surpassed a $2 trillion market cap for the first time ever, becoming the fifth US company to achieve this valuation[^3^][3][^4^][4].
  • Tech Rally: The tech-heavy Nasdaq Composite (^IXIC) led gains, rising about 0.5%[^5^][5].
  • Economic Cues: Investors are closely watching economic data ahead of the key PCE inflation release on Friday, with Federal Reserve speakers emphasizing caution in interest-rate decisions based on data[^6^][6].
  • Other Notable Moves: Rivian (RIVN) shares surged over 23% after announcing an alliance with Volkswagen (VWAGY), and FedEx (FDX) stock jumped more than 15% due to strong profit forecasts[^7^][7].
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