Wall Street indices gain on Amazon boost


The Dow rose 40.75 points, or 0.09%, to 47,562.87, the S&P 500 gained 17.86 points, or 0.26%, to 6,840.20 and the Nasdaq gained 143.81 points, or 0.61%, to 23,724.96.

NEW YORK: Wall Street's main stock indices closed higher on Friday, with their biggest boost coming from Amazon's upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.

The S&P 500, the Nasdaq Composite and the Dow boasted weekly gains and their longest monthly winning streaks in years.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Asia to lead next AI wave
Time is money, really
Corruption fight must go deeper
Shield against AI hazards
What performance truly means
Rise of the machines
Addressing FBM KLCI’s weaknesses
China’s gold rush continues
Power struggle unfolds at DFCity
Sunway’s surprise bid puts IJM in play

Others Also Read