Nasdaq Rises as Amazon Gains Offset Apple Losses

By EC Assets · Published 31 July 2026

The Nasdaq stock market opened higher today. This upward movement was driven by a surge in Amazon stock, which compensated for a decline in Apple shares. Nasdaq futures also showed gains, largely due to Amazon's strong quarterly performance. Amazon's stock surged by 14 percent. This increase followed what was described as an excellent quarter for the company. Investors are identifying Amazon as a winner in the post, earnings artificial intelligence landscape. Conversely, Apple's stock fell by 9 percent. This decline is attributed to weak guidance from Apple, stemming from supply chain pressures. Apple's stock experienced its worst post, earnings drop in 13 years, translating to a $460 billion market capitalization wipeout. This article is intended for informational purposes only. It does not constitute investment advice.