Strong Results Boosted Amazon.com (AMZN)

Fred Alger Management, an investment management company, released its “Alger Spectra Fund” second quarter 2024 investor letter. In 2024’s second quarter, U.S. stocks were positive, with the S&P 500 rising 4.28%. A copy of the letter can be downloaded here. The Materials and Industrials sectors underperformed compared to the S&P 500 Index, while the Information Technology and Communication Services sectors outperformed. There was a notable return gap in the second quarter, where large-cap...