Global Stock Market Soars Amid Amazon Gains and Fed Signals

Global stock markets recorded another week of gains, fueled by Amazon's strong performance. Meanwhile, hawkish comments from Federal Reserve officials buoyed the dollar. Despite positive stock trends, Federal Reserve comments tempered investor expectations for future interest rate cuts.

Global stocks were poised for their third consecutive weekly gain, propelled by a 9.6% surge in Amazon shares following its remarkable quarterly earnings. Meanwhile, Federal Reserve remarks sent the dollar climbing, with markets evaluating the potential for future rate cuts.

Apple's shares, after hitting an intraday high, slightly dipped, reflecting mixed investor sentiment despite optimistic sales forecasts for the holiday quarter. The earnings season revealed robust infrastructure investments, particularly in artificial intelligence, ensuring sustained market momentum.

However, the Federal Reserve's cautious stance, with officials like Raphael Bostic expressing hesitance on a December rate cut, tempered market exuberance. This backdrop shaped investor strategies, keeping global indices on a bullish trajectory.

(With inputs from agencies.)