Consumer discretionary stocks led gains as Amazon’s strong quarterly results lifted the sector and major U.S. indexes.
The S&P 500 closed the week 0.7% higher, supported by a 0.5% gain in the Dow and a 1% rise in the Nasdaq Composite. Amazon’s shares climbed following better-than-expected quarterly earnings, driving strength in the consumer discretionary sector.
Wall Street saw a volatile session but ended in positive territory, with the S&P 500 and Nasdaq posting weekly advances. The consumer discretionary segment outperformed, reflecting investor optimism over retail and e-commerce performance.
No immediate market reaction details were provided beyond the index movements.