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S&P 500 Gains and Losses Today: T. Rowe Price, Amazon Stocks Rise; Salesforce Sinks After Soft Guidance

1. AMZN stock rose 4.3% on partnership with JetBlue for satellite internet. 2. JetBlue will offer free Wi-Fi via Project Kuiper starting in 2027. 3. AMZN's satellite service competes with SpaceX's Starlink internet. 4. Private-sector payrolls indicated a hiring slowdown, impacting market sentiment. 5. T. Rowe Price and Goldman Sachs partnership boosted financial sector stocks.

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FAQ

Why Bullish?

The partnership with JetBlue enhances AMZN's growth potential in satellite internet. Historically, similar partnerships have driven stock price increases for companies expanding into new services.

How important is it?

The article highlights a significant collaboration that could enhance AMZN's service portfolio, influencing investor sentiment.

Why Long Term?

The long-term growth and profit potential of Project Kuiper will take years to materialize, similar to Amazon's cloud services growth trajectory.

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