Amazon Surges 15%, Apple Drops 7.4% as Nasdaq Climbs 1%
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Amazon stock surged 15% Friday, outperforming for Wall Street and giving the Nasdaq enough momentum to rise despite Apple's slump, according to the Journal.
- Apple stock fell 7.4% the same session, creating a "tug of war" beneath the Nasdaq composite's 1% gain that closed out what the paper called a turbulent month.
Why it matters: Amazon's 15% surge single-handedly absorbed Apple’s 7.4% drop to deliver the Nasdaq’s 1% gain, meaning index-level performance that day reflected just two names — making the headline market read almost useless without the underlying stock stories.
