US stock market movers | Amazon rises 3.5% as online sales on the first day of Prime Day exceed expectations
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As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.
BUZZ - Australia's Stakk shares surge due to IBM software contract
On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.
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