Stocks were mostly higher on Monday as the S&P 500 rose 0.8% and Toronto 0.4%.
Amazon soared another 7.9%. That is a HUGE amount of wealth creation. About U.S. $120 billion in new added wealth based on investors bidding up the price in a single day. It’s incredible to think of. Amazon is set to report earnings. The market will focus on the revenue gain as oppoed to the earnings level.
Similarly Shopify was up 8.5%.