NEW YORK / LONDON (IT BOLTWISE) – The recent successes of Amazon and Apple have boosted the US stock market and led to records on the Nasdaq and S&P 500. Despite this positive development, investors remain cautious due to existing uncertainties. The focus is on the coming quarterly figures as they could be crucial for further market development.
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The latest quarterly reports from Amazon and Apple have sent the US stock market into turmoil. Both companies reported impressive business figures, which led to a significant increase in the Nasdaq and S&P 500 indices. Despite this positive development, investors remain cautious as uncertainties remain in the market. Investors are turning their attention to the coming quarterly figures, which could be crucial for future market developments.
The Nasdaq 100 recorded an increase of 0.48 percent and reached 25,858.13 points. This represents an impressive 2 percent weekly growth and a nearly 5 percent gain in October. The S&P 500 climbed 0.26 percent to 6,840.20 points, while the Dow Jones Industrial rose just 0.09 percent to 47,562.87 points. These developments underline the positive trend fueled by strong results from Amazon and Apple.
Amazon hit a new high of $250.50 before shares fell slightly to end the day up 9.6 percent. The growth of the AWS cloud division in the third quarter particularly impressed investors and significantly exceeded expectations. This development shows that Amazon was able to put the disappointments of the second quarter behind it and is now looking to the future with confidence.
Apple also started trading at a record high, but fell 0.4 percent by the weekend. Nevertheless, the company remains positive with a strong outlook for the holiday season thanks to the new iPhone model. However, analysts remain cautious and cautious about the long-term outlook. This reluctance is also reflected in the general caution of investors, who remain on guard despite the positive developments.
In addition to the tech giants, Netflix also caused a stir with its planned 10-to-1 stock split, which is scheduled to take place in mid-November. The video streaming giant increased its shares by 2.7 percent. Chevron and Exxon Mobil also reported their figures: While Chevron rose by 2.7 percent, Exxon shares fell slightly by 0.3 percent. Despite declining earnings, they exceeded expectations.
Another focus was on Coinbase and Reddit stocks. The quarterly figures surprised positively, resulting in significant price increases: Reddit rose by 7.5 percent, Coinbase recorded an increase of 4.7 percent. JPMorgan praised Coinbase’s sales, while RBC again highlighted Reddit’s strong numbers. These developments show that there is movement in the market even outside of the big tech giants.
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