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Wall Street Surges: Tech Leads Rally as Earnings Season Kicks Off Amidst Government Shutdown
Stock Market News· 2025-10-20 18:07
Market Overview - U.S. equity markets are experiencing a robust rally, with major indexes nearing record highs driven by easing banking sector concerns and a strong start to the third-quarter earnings season [1][2] - The S&P 500 is up approximately 1.0% to 1.1%, nearing its all-time high of around 6,730 points, contributing to a year-to-date return of approximately 14.47% [2] - The Dow Jones Industrial Average has increased between 0.8% and 1.1%, reaching levels around 46,560 [2] - The Nasdaq Composite is leading the surge with an advance of around 1.4% to 1.5%, achieving a notable year-to-date return of 16.9% [2] Sector Performance - The Philadelphia Semiconductor Index hit an all-time high, rising 2.2%, indicating strong investor confidence in the semiconductor industry [3] - The Information Technology and Communication Services sectors are key drivers of the market uplift, reflecting ongoing appetite for growth-oriented companies [4] - The S&P Energy index gained 0.3%, while industrials added almost 1%, showing positive movement across various sectors [5] Corporate Earnings and Events - A heavy week for corporate earnings reports is anticipated, with major companies like Coca-Cola, Tesla, and Procter & Gamble set to release quarterly results [6] - The delayed U.S. Consumer Price Index (CPI) for September is expected to be released this week, which could influence Federal Reserve monetary policy decisions [7] Notable Stock Movements - Apple shares surged approximately 4.3% to 4.5%, reaching an all-time high of $263.47, attributed to strong sales of the new iPhone 17 lineup [13] - Cleveland-Cliffs stock jumped 18% to 24% following announcements regarding potential rare earth findings [13] - Moderna shares rose approximately 7% after announcing positive data for influenza vaccine candidates [13] - Micron Technology shares increased 3.6% to a record high after Barclays raised its price target [13] - WeightWatchers surged 9.4% due to a partnership with Amazon for weight-loss drug delivery [13] - Conversely, Oracle stock fell an additional 5%, extending a nearly 7% decline from the previous Friday [13]
Amazon cloud outage: online services hit, recovery uneven
Reuters· 2025-10-20 17:48
An outage at Amazon's cloud computing unit was gradually easing on Monday, after disrupting many online services offered by banks, social media companies and businesses. ...
Leigh Angman's "SPRUCTIS - From Insight to Action: A Success Framework for Small to Medium-Sized Businesses" Hits #1 on Amazon
Newsfile· 2025-10-20 17:00
Core Insights - Leigh Angman's book "SPRUCTIS - From Insight to Action: A Success Framework for Small to Medium-Sized Businesses" has achieved 1 ranking on Amazon in multiple categories, indicating a strong demand for practical strategies among small and medium-sized enterprises [1][2][10] Book Achievements - The book ranks 1 in Strategic Management, 1 in Business Teams, 1 in Home-Based Businesses eBooks, and 4 in Business Systems and Planning on Amazon [2] Market Relevance - The success of the book highlights the increasing need for experience-driven strategies in a competitive business environment, particularly for small and medium-sized businesses facing economic uncertainty [6][8] Content Overview - "SPRUCTIS" serves as a comprehensive guide for entrepreneurs, providing step-by-step methods to manage operations, resolve issues, and achieve long-term success [6][8] - The book includes real-world examples and proven strategies to help entrepreneurs overcome challenges and build resilient organizations [7][8] Author Background - Leigh Angman has over two decades of entrepreneurial experience and has founded or co-founded six companies since 2002, showcasing his expertise in various industries [9][11] - His leadership roles in companies like Mondofi Technology and Peak Hospitality demonstrate his capability to innovate and address industry challenges [9][11]
Internet services cut for hours by Amazon cloud outage
TechXplore· 2025-10-20 16:25
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: AWS handles nearly a third of the planet's cloud infrastructure market, powering millions of apps and websites around the world. Many popular internet services, from streaming platforms to messaging services and some banks, went offline for hours on Monday due to an outage in Amazon's crucial cloud network. The disruption affe ...
How to get a piece of Amazon's $2.5 billion settlement over allegations it 'duped' Prime subscribers
Business Insider· 2025-10-20 16:24
Amazon is paying out $1.5 billion to customers as part of a settlement over its Prime subscription. Last month, Amazon and the Federal Trade Commission agreed to the settlement, worth $2.5 billion in total. The FTC alleged in 2023 complaint that Amazon "knowingly duped" people into enrolling in automatically renewing Prime subcriptions and "complicated the cancellation process." Amazon said at the time of the settlement that the company and its executives "have always followed the law."The federal claims c ...
AWS outage was not due to a cyberattack — but shows potential for ‘far worse' damage
GeekWire· 2025-10-20 16:19
Core Insights - The outage affecting Amazon Web Services (AWS) occurred early Monday, impacting several major websites and services [1] Group 1 - The incident was attributed to a massive outage within AWS, which is a critical infrastructure provider for numerous online platforms [1] - The disruption led to significant downtime for various services, highlighting the reliance of many companies on AWS for their operations [1]
Amazon Web Services Experiencing More Connectivity Issues During Recovery From Outage
Forbes· 2025-10-20 16:10
ToplineAmazon Web Services experienced more connectivity issues on Monday morning, the company said in a blog post, as the service continues to recover from a major outage that saw disruptions for popular apps and websites across the internet.The company said it identified the root cause of the issues and was working on mitigating the problem.Getty Images ...
亚马逊网络服务逐渐恢复 正调查根本原因
Yang Shi Xin Wen· 2025-10-20 16:00
(文章来源:央视新闻) 当地时间20日,英国税务及海关总署(HMRC)表示,受美国亚马逊公司旗下云计算服务平台 (AWS)故障影响,其部分用户在访问在线服务时遇到问题。HMRC发言人表示,相关部门正与亚马 逊方面紧急协作,全力推进系统恢复。当天,亚马逊公司旗下云计算服务平台(AWS)突发服务故 障,导致全球多家公司的网络连接出现问题,多个热门网站和应用服务中断。 人民财讯10月20日电,当地时间20日,亚马逊网络服务表示,连接问题正在逐渐恢复,他们正在继续调 查根本原因。 ...
X @Dash
Dash· 2025-10-20 15:39
AWS is down? Can someone in crypto outside of Dash confirm this? 🙃Naughty Amazon, your proof-of-service score is going to be so bad after this! 😁 ...
X @CNN Breaking News
CNN Breaking News· 2025-10-20 15:38
Amazon confirms fresh "connectivity issues" following a massive outage that disrupted several popular websites and apps. Follow live updates.https://t.co/0BGUgok6Bj ...