The article discusses a recent significant event in the stock market involving Amazon and Apple, emphasizing the contrasting performances of the two tech giants. Amazon's stock surged by 15%, contributing to a 1% gain in the Nasdaq composite, while Apple experienced a notable decline of 7.4%. This dynamic reflects an ongoing struggle in the tech sector and highlights the varying fortunes of major companies within it.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/finance/stocks/amazon-and-apple-deliver-the-drama-to-close-a-turbulent-month-41d82dc9

Amazon and Apple Deliver the Drama to Close a Turbulent Month

Record market-cap moves for the tech giants end in a 1% Nasdaq gain

Shradha Dinesh

and

Sam Goldfarb

Comments Button

Listen

(2 min)

A worker sorts Amazon packages on a Prime delivery truck. Shares of Amazon overperformed for Wall Street Friday.Michael Nagle/Bloomberg News

A surge in Amazon stock Friday gave the Nasdaq enough momentum to obscure Apple’s slump.

Beneath the surface of the Nasdaq composite’s 1% gain was a tug of war between Apple stock, which fell 7.4%, and Amazon’s which surged 15%.

Videos

Most Popular

OPINION

Amazon and Apple Deliver the Drama to Close a Turbulent Month

Amazon and Apple Deliver the Drama to Close a Turbulent Month

Record market-cap moves for the tech giants end in a 1% Nasdaq gain

Videos

Most Popular News

Most Popular

Further Reading

Wall Street Thinks It Knows How Tech Giants Will Make AI Pay

Which Tech Giant Will Blink First on AI Spending?

Nvidia Leads Defense of Open-Source AI With New Cybersecurity Initiative

Why IBM’s CEO Isn’t Worried About the Biggest Stock Selloff Since Black Monday

U.S. Stocks Slide as Oil Hits $100, While Tech Selloff Deepens