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Wall St. gains on Amazon’s upbeat profit forecast
Business World Philippines
|November 03, 2025
WALL STREET’S main stock indexes closed higher on Friday, with their biggest boost coming from Amazon’s upbeat earnings forecast, but sentiment was dampened by worries that the US Federal Reserve is becoming more cautious about cutting rates.
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The S&P 500, the Nasdaq Composite and the Dow boasted weekly gains and their longest monthly winning streaks in years.
Amazon shares rallied sharply, closing up 9.6% after hitting an all-time high following its forecast for quarterly sales above estimates. The online retailer and cloud services giant helped the consumer discretionary sector close up 4% for its biggest one-day gain since May 12.
This story is from the November 03, 2025 edition of Business World Philippines.
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