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Wall Street rises on Amazon's strong earnings; Apple plunges on disappointing results

Reuters ·

AAPL Apple Inc
$308.91 -7.35%
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  1. 1On Friday, Wall Street rose on the back of Amazon's strong earnings, while Apple fell on disappointing results.
  2. 2Amazon.com (AMZN) surged 15% after its largest quarterly revenue growth in over four years, and Apple (AAPL) dropped 9.6% after warning of supply constraints.
  3. 3Amazon's results boosted confidence in AI-related stocks, and together with Microsoft (MSFT) earnings, eased concerns over excessive investment in AI data centers.

This 3-line summary is compiled from the report below.

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