Amazon’s Next Big Business, Satya Nadella’s DIY App, and a VC’s Rallying Cry for Seattle Tech
Amazon shares rose more than 10% as investors welcomed its AI spending plan and cash-flow outlook, while Microsoft also lifted futures after an earnings beat.
- On Friday, Amazon led stock futures higher after reporting strong quarterly results, with CEO Andy Jassy outlining how increased data center capacity and AI investments will improve cash flow.
- Extending Thursday's rally, the market rebounded from Wednesday, when the Dow Jones Industrial Average posted its worst one-day decline since April 2025.
- Apple's stock plunged after the company cited "supply constraints," despite earnings, revenue, and iPhone sales exceeding market expectations, as it struggles competing with hyperscalers for memory supply.
- The tech-heavy Nasdaq Composite overperformed, gaining 1%, while the S&P 500 climbed 0.70% as broader market optimism on AI spending drove gains.
- Amid ongoing clashes, President Donald Trump said he is "losing faith" in Iran as the possibility of reaching a deal fades between the countries.
14 Articles
14 Articles
Amazon’s next big business, Satya Nadella’s DIY app, and a VC’s rallying cry for Seattle tech
Microsoft and Amazon both beat cloud expectations this week, and Microsoft's headcount fell for the first time since 2016. Also on the show: Satya Nadella builds a dashboard out of a Morgan Stanley analyst's own report, Jeff Bezos names Amazon's fourth pillar and AI House's Jacob Colker makes the case for Seattle tech.
Wall Street Review: Stocks Recover as Tech Earnings Lift Sentiment
Better-than-expected earnings reports from Microsoft and Amazon during the later part of the trading week helped shift the U.S. equity market away from what had looked like another leg of the sell-off cycle that had rattled global markets for a couple of weeks: New York sold off, Seoul sold off harder, and the renewed concerns spilled back into U.S. markets. The Dow closed at 52,485 on July 31, up 1.04 percent for the week. The S&P 500 rose 1.05…
The New York stock market closed higher on the 31st (local time). This was influenced by revived investor sentiment toward technology stocks following Amazon's announcement of strong earnings. On this day, the Dow Jones 30 Industrial Average finished trading at 52,485.03, up 276.97 points (0.53%) from the previous close. The Standard & Poor's (S&P) 500 index rose 52.09 points (0.70%) to 7,489.72, and technology stocks
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market started mixed as they digested Amazon's earnings announcement and strength in semiconductor stocks.
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