Tech Stocks Lift S&P 500 and Nasdaq as Amazon Hits Record High
Major U.S. equities indexes diverged Monday afternoon, with technology shares buoying the S&P 500 and Nasdaq while the Dow lagged. Amazon surged to an all-time high after securing a $38 billion cloud computing agreement with OpenAI, granting the AI firm access to Amazon Web Services infrastructure.
Kenvue shares skyrocketed following Kimberly-Clark's $48.7 billion acquisition announcement, though the buyer's stock tumbled sharply. IDEXX Laboratories gained on strong veterinary product demand, while Beyond Meat sank after delaying its earnings report due to impairment calculations.