Why Amazon Stock Jumped 14% in July While the Market Was Flat
Amazon's cloud services business grew revenue by 37% in the quarter and increased operating income by a whopping 63%.
Overview
Shares of e-commerce and cloud computing leader Amazon.com (NASDAQ: AMZN) jumped 14% in July, according to data from S&P Global Market Intelligence.
For context, the S&P 500 index was essentially flat -- it slipped about 0.1% -- and the tech-heavy Nasdaq Composite index declined 3.2%.
Details
Through Thursday, Aug. 6, Amazon stock has gained 18% in 2026. The S&P 500 has returned 13.4% over this period.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.