Markets Rise on Strong ISM Data, Amazon Hits $3 Trillion Valuation
U.S. markets advanced in early trading as the Institute for Supply Management (ISM) reported stronger-than-expected manufacturing data, boosting investor confidence ahead of a key week for earnings and economic reports. The Dow Jones Industrial Average rose by 1%, while the S&P 500 climbed nearly 1.3%. Amazon reached a $3 trillion market valuation amid continued strong performance in e-commerce and cloud services. The positive momentum was driven by optimism around corporate results, with major companies expected to report earnings throughout the week. The ISM manufacturing index exceeded forecasts, signaling resilience in the sector despite broader economic concerns. Investors are closely watching labor data for further clues on inflation trends and potential Federal Reserve policy shifts.
