Nasdaq Leads US Market Gains as Amazon Rally Offsets Apple Decline

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1 August 2026 at 1:37 am

Nasdaq Leads US Market Gains as Amazon Rally Offsets Apple Decline

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Summary

The Nasdaq led US market gains on Friday, driven by Amazon's strong cloud revenue growth, which helped alleviate concerns about AI returns among major tech firms, while the Dow Jones and S&P 500 also saw increases.

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