Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time

Investing.com -- The S&P 500 closed just higher Wednesday as surge in Amazon to a record high helped push tech higher just days ahead of key inflation data.) gave up early day gains to close just above the flatline, a day after the chipmaker rallied more than 7%, though investor sentiment on the stock remains steady amid a AI-infused optimism that has seen the company rack up double digit percentage gains so far this year.

"Following more sizable improvement in the CPI and outright deflation in the PPI, investors are hoping for a cooler PCE, potentially resulting in a trifecta of goods news for policy makers," Stifel said in a recent note.) stock soared 15% after the delivery and logistics giant, whose results are considered to be a possible marker of the state of the global economy, said it now expects to deliver full-year revenue growth in the low- to mid-single digit.

Banking stocks were also in the spotlight Wednesday ahead of the Federal Reserve's annual stress test, which serves as gauge to whether the largest U.S. banks can withstand an economic shock.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: S&P 500 ends above 5,400 for first time despite hawkish FedStock Market Today: S&P 500 ends above 5,400 for first time despite hawkish Fed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 slips after briefly topping 5,500 for first time everStock Market Today: S&P 500 slips after briefly topping 5,500 for first time ever
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyedStock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut betsStock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut bets
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 ends just lower as May jobs report loomsStock Market Today: S&P 500 ends just lower as May jobs report looms
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 in weekly win despite closing lower on rate jittersStock Market Today: S&P 500 in weekly win despite closing lower on rate jitters
Source: Investingcom - 🏆 450. / 53 Read more »