Amazon.com Inc.
(NASDAQ:AMZN) stock climbed more than 3% on Monday as investors rotated back into growth stocks amid a broad market rally.
The move came as easing geopolitical tensions and falling oil prices boosted risk appetite across technology and consumer-focused names.
Amazon shares outpaced the broader market, with the Nasdaq Composite gaining 3.08% and the S&P 500 advancing 1.93%.
Investor sentiment improved after the United States and Iran reached a peace agreement that reduced fears of further disruptions to global energy supplies.
