Tech Stocks Power Wall Street Gains at End of July: Markets Wrap

Tech Stocks Power Wall Street Gains at End of July: Markets Wrap

S&P 500 closes +0.8% in volatile July on Amazon's +15% AWS surge and chip strength, but extreme AI leverage amplifies downside risk. Sky-high earnings expectations, Fed caution on inflation, and August seasonality create headwinds for enterprise tech spending and infrastructure decisions.