New York, July 31, 2026 (AFP) - Amazon surges as US stocks shrug off bond yield worries

NAMPA / AFP

2026-07-31

Wall Street stocks charged higher Friday behind strong earnings from Amazon that offset the drag from higher US Treasury yields. Shares of Amazon surged 15.3 percent as the tech giant posted more than $62 billion in quarterly profits behind a 20 percent revenue increase in results that blew past analyst expectations. Amazon's surge added to confidence about artificial intelligence investments amid questions about the payoff, a day after Microsoft......

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