Stock Market Today: Dow, S&P 500 and Nasdaq poised for strong session as Amazon climbs on earnings, chips gain following surge for South Korea's Kospi - MarketWatch

Core Impact Points

• Amazon's Q2 earnings report shows a 13% surge, with revenue rising to $121.9 billion.
• Apple's stock drops 7% following the release of its Q2 earnings report, which showed revenue rising to $81.8 billion.
• The strong earnings report from Amazon has boosted the US stock market, with the Dow, S&P 500, and Nasdaq poised for a strong session.
• The surge in Amazon's stock price has also led to gains in the chip sector, following a surge in South Korea's Kospi index.
• Investors are turning on some tech stocks, with Apple's stock being one of the notable losers in the sector.
• The US stock market is expected to see a strong session, with the Dow, S&P 500, and Nasdaq all poised for gains.