LOGIN SUBSCRIBE | FastCo Works advertisement BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 Amazon is leading the U.S. stock market on Friday to the finish of another winning week and month. The S&P 500 was virtually flat after giving up a modest gain from the morning. The index is still near its all- time high set on Tuesday, and it's on track to close a third straight winning week and a sixth straight winning month, which would be its longest monthly winning streak since 2021. The Dow ...

Core Viewpoint - Amazon's strong quarterly profit report significantly boosted the U.S. stock market, leading to a winning week and month for major indices [1][2]. Group 1: Amazon's Performance - Amazon's stock surged by 9.6% after reporting a profit that exceeded analysts' expectations, with CEO Andy Jassy noting accelerated growth in its cloud-computing business [2]. - The company's market capitalization of approximately $2.4 trillion means its stock movements have a substantial impact on the S&P 500, which would have declined without Amazon's performance [2]. Group 2: Other Influential Stocks - Apple, valued at over $4 trillion, had a less pronounced effect on the market, finishing down 0.4% despite reporting better-than-expected profits [3][4]. - Reddit's stock increased by 7.5% after also reporting stronger profit and revenue than anticipated [4]. - Coinbase Global's stock rose by 4.6% following a profit report that topped expectations [5]. Group 3: Market Trends and Expectations - Netflix announced a 10-for-1 stock split, which could make its shares more affordable while maintaining the same total value for investors, leading to a 2.7% increase in its stock price [5]. - AbbVie experienced a 4.5% decline despite reporting stronger-than-expected profits, as analysts noted that its profit growth was not as robust as before [6]. - There is increasing pressure on companies to deliver significant profit growth to justify the high valuations seen in the stock market since April [7].