JPMorgan Chase & Co. economists scrapped their call for a recession in the US, joining a growing number of forecasters who now expect the economy to avert the downturn that was once viewed as inevitable. Amazon shares rallied 11% in afternoon trading Friday, a day after the company reported blowout second-quarter earnings and issued upbeat guidance. Shares of Amazon are on pace for their best day since Nov. 10, 2022, when the stock skyrocketed 12%. ~This episode is sponsored by Chart Prime~ Elevate your Trading Game with Chartprime 30% discount Link âžś https://bit.ly/3lZvR7M
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