US stocks rose on Monday, with the Dow Jones up 0.4%, S&P 500 up 0.5%, and Nasdaq up 0.5%. Wall Street navigated a major Amazon AWS outage, affecting platforms like Robinhood and United Airlines, which are now returning to normal. Markets focus on upcoming earnings reports from Tesla, Intel, Netflix, and Coca-Cola this week.
Zions Bancorp’s third quarter results are awaited after bad loan disclosures last week. Treasury Secretary Bessent signaled de-escalation in US-China relations, with talks set to resume in Malaysia. President Trump softened stance on tariffs, raising optimism that additional tariffs on Chinese imports may be delayed.
Apple stock hit record highs after Counterpoint Research projected iPhone 17 to outsell its predecessor by 14%. Beyond Meat stock surged over 60% amid debt restructuring. The stock market rose at the open, with gold futures up 2% and oil futures down 1.5%. Tesla and Netflix are set to report earnings this week amid US-China trade tensions.
A huge Amazon AWS outage disrupted major websites like Coinbase and Robinhood. Services for government agencies and AI companies were degraded. AWS services are recovering after a problem on the US East Coast. Gold prices dropped as US-China tensions eased, impacting market sentiment.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq rise amid trade-war lull, with flurry of earnings on deck
