Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+1.2%), and DJIA (+0.2%) are at session highs, slightly improved from their opening gains. 

Amazon's (AMZN 247.40, +24.54, +11.01%) gain alone is enough to push the major averages higher, rising sharply after posting blowout Q3 results, highlighted by its largest EPS beat in years. Revenue jumped 13.4% year-over-year to $180.2 billion, the strongest growth since 4Q23.

AWS revenues accelerated to 20% growth after several slower quarters, which is particularly encouraging, signaling rising AI-related workloads and renewed enterprise confidence. The strong backlog and improving retail margins make this one of the more balanced growth stories in mega-cap tech.