Alphabet's Record Fall, Amazon's Cloud Surge, and an Economy Arguing for a Hike
Alphabet lost about five hundred billion dollars in its worst day ever as the market punished negative free cash flow, even as nine of eleven sectors rose and small caps led a broad rotation. United States growth hit three point four percent with core PCE inflation at three point one percent, Amazon's AWS grew thirty nine percent while Intel guided sharply lower, Eli Lilly surged, DoorDash agreed to buy Instacart for seventeen billion dollars, and Canada's prime rate rose to four point seven percent. The Daily Ledger, with Alex and Jordan.
The skinny
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