This market acts too perfect. More on this and what else to know in markets on Monday, February 6, 2023.
The broad-based S&P 500 Index is up 9%, while the technology-heavy Nasdaq 100 is up 18% year to date (YTD), and we've barely made it out of January. After a brutal 2022 for growth and technology stocks, it looks like things may be finally turning the corner for investors, with inflation readings coming down and the United States economy escaping a recession (at least for now). Spotify (NYSE: SPOT), Tesla (NASDAQ: TSLA), and Amazon (NASDAQ: AMZN) are three stocks that led the stock market rally last month.
Amazon.com (NASDAQ: AMZN) recently reported earnings results that were underwhelming to investors, but there's one number that stood out -- and it could be a big profit driver in the future. *Stock prices used were the midday prices of Feb.