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Markets

Amazon leads Wall Street parade

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Opening sequence

Markets

Amazon leads Wall Street parade

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COMING UP:Amazon leads Wall Street parade

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Transcript

00:00:01
>> Easing tech worries leading Wall Street to it's best daily gain in two months. Amazon enthusing confidence in the battered tech sector Tuesday with investors pushing the stock to a record close of $703. And at least one analyst thinks Amazon has a lot more room to run, putting a $1,000 price target on the stock.
00:00:22
The optimism also building as Amazon announces Video Direct, a new video product it hopes will steal some of YouTube's success.>> I'm Conway Givens in New York. Tech wasn't the only thing on buyer's list. Hopes for stability in the global economy leading all of the ten major S&P sectors higher for the day.
00:00:43
A healthy reading on US job openings and the pledge from Japan to do more to fix its economy were both well-received on Wall Street. Energy stocks right up there near the day's biggest gainers, thanks to a jump in oil prices. After one of the worst ever starts to a new year, most of the market is back on the up and up for 2016 with the tech-heavy NASDAQ, the exception.