US stock market: Wall Street ends up led by profits from Amazon, other growth stocks amid inflation fears
Shares of Amazon.com Inc spike by 2% and were the biggest positive for the S&P 500 and Nasdaq after the online retailer split its shares 20 for 1.
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US stocks ended slightly higher on Monday, aided by gains in Amazon.com and other mega-cap growth shares, while persistent worries over inflation and interest rates kept a lid on the market.
Shares of Amazon.com Inc rose 2% and were the biggest positive for the S&P 500 and Nasdaq after it had its shares 20 for 1.
Apple Inc shares climbed 0.5%. The tech giant at its annual software developer conference declared among other things that it would more deeply integrate its software into the core driving systems of cars.
Among sectors, consumer discretionary and communication services had the day’s highest gains.