Amazon's 14.9% Jump Lifts the Dow While Apple Drags It Back

Amazon surged 14.9% after reporting strong Q2 earnings with AWS growing 37% year-over-year, adding 208 points to the Dow. Apple fell 9.4% despite solid Q3 results due to muted guidance citing chip supply constraints, subtracting 188 points from the index. The market remains driven by mega-cap tech stocks with strong AI cloud businesses, while most other stocks declined.