S&P 500 rises with Amazon reaching $2 trillion market cap, tech sector boosted

From Investing.com: 2024-06-26 16:07:20

The S&P 500 closed slightly higher as Amazon surged to a record high, boosting the tech sector before key inflation data is released. NVIDIA’s stock held steady after a 7% rally, while Amazon hit a $2 trillion market cap. The focus is on the upcoming inflation data release by the Fed, with hopes for cooler price pressures. FedEx stock soared 15% with an upbeat revenue outlook, while Southwest Airlines and General Mills stocks dropped on guidance cuts. Energy stocks slipped as oil prices fell due to a surprise jump in US crude stockpiles, affecting companies like EQT, Hess, and Halliburton.



Read more at Investing.com: S&P 500 gains as Amazon jumps to join $2T club for first time By Investing.com