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Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
The Nasdaq finished 0.3% lower overnight while the S&P 500 and Dow Jones finished flat. GE (NYSE:GE) and 3M (NYSE:MMM) stock are in the news.
The S&P 500 and Nasdaq both reached new all-time highs overnight. Tesla (NASDAQ:TSLA) stock is in the news after reporting quarterly results.
US markets snapped their winning streak overnight, the Nasdaq falling 1% with little in the way of news being released to start the week.
Both the S&P 500 and Dow Jones finished the week at record highs, jumping 0.4% and 0.5% respectively on Friday. Here’s the latest.
The US stock markets ended higher overnight. Leading the S&P 500 (INX) and NASDAQ 100 (NDX) was Amazon.com (AMZN) and Tesla (TSLA) stock.
Another positive end to the week sent US markets higher on Friday, the Dow Jones up 0.9%, the S&P 500 up 0.8% and the Nasdaq up 0.5%.
The Afterpay Ltd (ASX: APT) share price has experienced meteoric growth. I think optionality holds the key to future growth.
Vanguard US Total Market Shares Index ETF (ASX:VTS) is an exchange-traded fund (ETF) that could be one of the best long-term options.
The Airtasker Ltd (ASX: ART) share price has continued to descend towards its opening price. In these circumstances, I try and focus on the business’s long-term growth potential.
