Stock Market Today: Stocks Swing Higher After Amazon Earnings, Inflation Data

The major indexes finished the week higher despite Amazon's warning on cloud growth and mixed inflation data.

blue stock chart with arrow going higher on computer screen in white room on white desk
(Image credit: Getty Images)

Stocks opened lower Friday as traders mulled over the latest round of corporate earnings and another mixed inflation update. However, shares reversed course mid-morning to end the day with impressive gains. 

While the major indexes managed to close higher today, the same can't be said about embattled regional lender First Republic Bank (FRC), which sold off sharply in another volatile session. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.