US Markets
Stocks finish higher as Amazon leads a split tape
Big tech and consumer names power gains, but higher yields and weak materials keep the market from broadening out.
U.S. stocks close higher, with the S&P 500 up 0.7%, the Nasdaq up 1.0%, and the Dow up 0.5%. The Russell 2000 goes the other way, slipping 0.5%, which keeps the day from looking like a full-market risk-on move.
The sector map is uneven. Discretionary climbs 3.3% and Communication Services rises 1.6%, while Energy adds 1.0% and Industrials gains 0.8%. Materials drops 2.3%, the worst sector on the board, and Tech finishes down 0.2% even with the Nasdaq in the green.
Amazon stands out on the watchlist, rising 15.3%. CNBC says Andy Jassy soothed concerns over Amazon’s massive AI spending, and the stock also ranks among the day’s most active names. Alphabet gains 6.7%, Meta rises 3.3%, Microsoft adds 3.0%, and Nvidia climbs 2.9%.
Not everything in mega-cap land works. Apple falls 7.3% and Coinbase drops 10.6%, while the marketwide losers list is led by Roblox, down 26.9%, Reddit, down 21.0%, and Alignment Healthcare, down 20.2%. The options tape is balanced, with SPY and QQQ put-call ratios both near 1.0.
The intraday S&P path is choppy at the open, then steadier into the close. It starts near 7487.71, dips into the 7420s, then recovers and ends at 7489.7202.