Amazon Has Best Day Since 2012 | Closing Bell

Summary

Bloomberg's Closing Bell hosts wrap up the final trading day of July as the S&P 500 ends the month flat despite sharp swings. Amazon jumps 15% on its best day since 2012 following strong AWS results and raised AI capital spending, while Apple, Roblox, and Reddit plunge on disappointing updates. The panel also touches on a FIFA governance dispute involving a potential deal with Joshua Kushner.

• S&P 500 closed July essentially unchanged after a volatile month
• Amazon surged 15% on upbeat Q2 earnings, AWS revenue growth, and a higher AI CapEx outlook
• Apple fell 7.4% on component shortages and a warning of slowing services growth
• Roblox and Reddit suffered record daily declines after weak user metrics and lack of new data licensing deals
• Monolithic Power rallied on data center infrastructure-driven guidance raise
• Energy and industrial sectors outperformed on the day, while information technology lagged
• Hosts discussed FIFA's controversial backroom deal and UEFA's boycott threat