US Stock Market today: Dow, S&P 500, Nasdaq jump amid AWS outage - Apple, Meta, Alphabet gain

Wall Street indexes kicked off the week on a solid ground, powered by gains in mega-cap stocks, while investors braced for a wave of corporate earnings and a crucial inflation report that could steer the market's next move. Markets shook off last week's turbulence, sparked by renewed concerns over systemic credit stress in the banking sector, as investors piled into tech heavyweights in a classic "buy the dip" move. Markets also ignored the suspected cyber attack on Amazon Web Services (AWS) that grabbed headlines much of the day.

Apple shares rose 4.3% to a record high, while Meta and Netflix gained more than 2% each. Alphabet added more than 1%.

The CBOE Volatility Index, Wall Street's fear gauge, slipped to its lowest in over a week, signaling a return of investor confidence.


All the three indexes closed higher on Friday and logged weekly gains. The CBOE Volatility Index, Wall Street's fear gauge, also rose to its highest level in nearly six months on Friday, after renewed U.S.-China trade tensions fueled a flight to safety. A global outage hit Amazon's cloud services Amazon Web Services (AWS) today, the subsidiary of the US tech giant said, disrupting many websites and services including Amazon Prime, Perplexity, Fortnite, Alexa, Snapchat and Duolingo. Downdetector, a website monitoring internet problems, showed the outage took down many online services. Others included Reddit, various video streaming platforms such as Hulu and Disney+, as well as messaging app Signal and Delta Air Lines.

China has accused the U.S. of stealing secrets and infiltrating the country's national time centre, warning that serious breaches could have disrupted communication networks, financial systems, the power supply and the international standard time. The U.S. National Security Agency has been carrying out a cyberattack operation on the National Time Service Center over an extended period of time, China's State Security Ministry said in a statement on its WeChat account on Sunday.

US Stock Market Today

Back to Wall Street, Stock Markets were still nursing bruises from last week's turbulence, as fears of systemic credit stress in the banking sector unnerved traders globally. However, upbeat earnings from some regional U.S. banks allayed concerns, offering a brief reprieve from the volatility.

Earnings from Wall Street majors, including Tesla, Ford, GM, Netflix, Procter & Gamble , Coca-Cola, IBM and Intel, are also set to roll in this week, presenting a fresh stress test for the stock market.

U.S. President Donald Trump has floated the idea of lowering tariffs, if Beijing resumes key purchases such as soybeans. While Trump acknowledged that a proposed 100 per cent tariff on Chinese goods would not be sustainable, he pinned the latest breakdown in talks on China's tightening grip over rare earth exports.

Deutsche Bank analysts said Trump's dialed down rhetoric "added to investor expectations that those 100 per cent tariffs won't come into force".

FAQs

Q1. Which are top indexes of US Stock Market?

A1. Top indexes of US Stock Market are S&P 500, Dow Jones, Nasdaq.

Q2. Which companies will announce earnings results?

A2. Earnings from Wall Street majors, including Tesla, Ford, GM, Netflix, Procter & Gamble , Coca-Cola, IBM and Intel, are also set to roll in this week, presenting a fresh stress test for the stock market.