S&P 500 Gains & Losses Today: Amazon Expands Same-Day Food Deliveries, Hitting Kroger, DoorDash
1. Amazon plans to expand same-day grocery delivery to 2,300 U.S. cities. 2. Soft inflation data raised expectations for Federal Reserve rate cuts. 3. Amazon shares rose 1.4%, impacting competitors like Kroger and DoorDash negatively. 4. S&P 500 reached record highs, bolstered by rate-cut speculation. 5. Reduced competition from grocery rivals may benefit Amazon's market position.