Home / World News / Amazon leads Wall Street rebound, even as economic worries deepen

Amazon leads Wall Street rebound, even as economic worries deepen

Microsoft Corp, Apple Inc, Alphabet Incand Facebook Inc, which together have fueled Wall Street's rally since the pandemic slammed markets in March, all rose more than 1 per cent

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Seven of the 11 major S&P 500 sector indexes were trading higher, led by information technology and consumer discretionary

Reuters

3 min read Last Updated : Sep 23 2020 | 1:59 AM IST

Wall Street stocks rebounded on Tuesday, led by a jump in Amazon.com, even as a likely delay in new fiscal stimulus by Congress and an increase in the number of coronavirus cases dampened hopes of a faster economic recovery.

Amazon.com Inc jumped after Bernstein upgraded the stock to "outperform," saying the company will continue to receive a boost from premium subscribers and third-party merchants even once the pandemic is contained.

Microsoft Corp, Apple Inc, Alphabet Incand Facebook Inc, which together have fueled Wall Street's rally since the pandemic slammed markets in March, all rose more than 1 per cent. They had carried

Topics : Wall Street US stocks Dow Jones Amazon Tesla

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