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.

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