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Wall Street Ends July Higher Despite Apple Dip
Wall Street experienced an uptick at the end of July following strong financial results from Amazon, which recorded its largest quarterly revenue growth in over four years, helping to ease investors' concerns about spending on artificial intelligence. Meanwhile, Apple's stock declined due to warnings about the impact of supply chain issues on its growth and the potential decrease in demand resulting from higher phone prices. The S&P 500 index increased by 0.70%, and the Nasdaq rose by 1.01%, but on a monthly basis, the Nasdaq declined by about 3%. The profits of S&P 500 companies are expected to increase by 48% in the second quarter, amid growing interest in investments in artificial intelligence.
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