Amazon expands

A gain in average hourly earnings lifted the markets during the midday with the Dow surging 147 points to 18,499. Nasdaq soared 51 points to 5,218.


Four years ago, Target stopped selling Amazon devices over concerns that the online retailer would syphon-off customers. Now that Amazon boasts 244 million active users, Target has reconsidered its position. By offering Amazon devices both online and at its brick and mortar stores, Target hopes attract those consumers.


Amazon will debut its very first Amazon branded Boeing 767 at Seattle's Seafairer summer festival today. The online retailer has 11 dedicated airplanes that delivery packages for its Prime members. Amazon One will fly over Lake Washington before the Blue Angels demonstration team.


American Airlines reached an interim agreement with the TWU-IAM Association to raise wages by an average of 22%. The association is an alliance of 12 unions covering ground workers. The increases will cost the airline $75 million in pre-tax expenses in the third quarter and $120 million in the fourth quarter.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 climbed 14 points to 2,178. Bitcoin rose $3 to $570.

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