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Amazon jumps 17% on strong cloud growth; Apple falls 7% amid supply concerns.

Market News
03 Aug 2026
Coinpaper
View Source
Neutral
pluang ai news

The U.S. stock market ended the week with gains, but showed a sharp divide among stocks. Amazon surged 17% after reporting 37% growth in its cloud unit, Amazon Web Services, despite raising its 2026 capital expenditure forecast. In contrast, Apple shares dropped 7% due to a weaker outlook linked to component shortages, marking its worst single-day drop since 2025. Other tech stocks showed mixed results, with Microsoft up 21.75% and semiconductor stocks like Micron and AMD falling over 8%. The broader market indexes rose modestly, while the U.S. dollar weakened and Bitcoin declined 2%. This split highlights uneven market performance amid ongoing economic uncertainties.

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