Amazon’s AWS growth lifts sentiment [Video]
|Big Tech beat expectations, but promises of higher AI spending rattled investors after Powell hinted another 25bp cut this year is uncertain. Nasdaq slipped, yet Amazon’s AWS growth stole the spotlight, relieving worries and hinting the week could end on a more positive note. Energy markets will also be in focus today as Exxon Mobil and Chevron are expected to report modest year-on-year declines amid softer crude and gas prices. WTI hovers near $60 a barrel, the US dollar continues to recover, and precious metals face short-term pullbacks while long-term demand remains supported by soaring global debt and central bank gold buying. Volatility across tech, energy, FX and commodities keeps investors alert, with Amazon today providing a much needed boost to market sentiment.
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