Stock market today: Wall Street steadies with help from Amazon and an in-line report on inflation


Source: elliotlaketoday.com elliotlaketoday.com

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HONG KONG — Wall Street is recovering some of its sharp losses following an encouraging profit report from Amazon, one of its most influential companies, and a reading on U.S. inflation that came in within expectations. The S&P 500 was up 0.3% in early trading Friday, coming off its ninth loss in 11 days and its lowest level in five months. The Dow slipped 44 points, and the Nasdaq composite was up 0.9%. Amazon was up more than 6% after reporting strong revenue and profits from the summer months, driven by growth in online sales and its advertising business. THIS...