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Stock Market Today, Oct. 19: Amazon Surges on Morgan Stanley Top Pick and $350 Price Target

Amazon. com (NASDAQ:AMZN), a global e-commerce, cloud computing, and digital advertising platform, closed at $262. 45, up 4. 98%. Morgan Stanley's top-pick call and higher price target lifted shares, and investors are watching Amazon Web Services (AWS) growth in the company's October 29 earnings report. Trading volume reached 54. 5 million shares, coming in about 4% above its three-month average of 38. 9 million shares. Amazon. com IPO'd in 1997 and has grown 263,927% since going public. The S&P 500 (SNPINDEX: ^GSPC) closed at 7,691, up 0. 42%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) closed at 26,431, up 1. 11%.

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