Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
Amazon will replace Walgreens Boots Alliance in the Dow Jones Industrial Average. The change will go into effect before trading starts Monday, S&P Dow Jones Indices announced Tuesday after markets closed. Walgreens has been part of the Dow Jones Industrial Average since 2018 when it replaced General Electric. “Reflecting the evolving nature of the American…
The S&P 500 hit a record high despite big tech losses, while the Nikkei reached new heights and oil remained stable. Investors awaited the release of UK retail sales and US PPI data.