Another bumpy ride on Wall Street ended on Friday, as Amazon.com Inc’s positive earnings capped a run of mixed big-tech numbers, with the NASDAQ recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory.
Results from megacap growth stocks have dictated market moves this week, as investors seek out tangible data to support sky-high valuations.
Amazon jumped 13.5 percent after reporting robust earnings in the holiday quarter. The gain expanded its market capitalization by about US$190 billion, the largest ever single-day increase in value of a US company.
This came a day after Facebook
Another bumpy ride ended on Friday with the Nasdaq recovering much of the ground it lost in the previous session, as Amazon s positive earnings capped a week of mixed big-tech numbers..
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