US stocks shake off the Amazon plunge. S&P 500 up 0.6%

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US stocks shake off the Amazon plunge. S&P 500 up 0.6%

<p>The price action in equities is impressive as stocks shake off a 10% decline in Amazon. The S&P 500 is up 0.6% and the Nasdaq is slightly higher.</p><p>Helping out is 3% rally in Apple after posting decent results. Intel is up 7.4% on earnings in a reversal of chipmaker fortunes after months of selling.</p><p>Bonds should be a headwind for stocks as yields move up but the stock market has also been able to shrug that off, at least so far.</p><p>Seasonally, the next few days are the strong ones of the year on the calendar so that might help to explain the strength.</p>

                This article was written by Adam Button at forexlive.com.

Source: US stocks shake off the Amazon plunge. S&P 500 up 0.6%

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