Massive Internet Outage Hits Major Platforms: What Is Going On?

Despite an Amazon Web Services outage that caused some disruptions, Wall Street experienced a significant surge, with the S&P 500 rising by 1.1%. This positive momentum was largely driven by strong performances from Apple and a general optimism as investors look forward to a busy earnings week. The resilience of the market in the face of challenges highlights the confidence investors have in leading tech stocks.

Amazon Web Services (AWS) has reported a recovery from a major outage caused by significant errors in its Domain Name System (DNS), which is crucial for translating website names to IP addresses. The company assures that the issue has been fully resolved, although some reports indicate lingering problems. In related news, Kering, the owner of Gucci, is selling its beauty division to L'Oreal just two years after its launch, as part of a strategy to reduce debt. This development highlights the ongoing challenges and adjustments in the tech and luxury sectors.

Elon Musk recently commented on Amazon's challenges in the cloud computing sector, highlighting the competitive landscape that AWS faces. As Amazon has evolved from an online bookstore to a leader in web hosting and cloud services, its AWS division has become a significant player, generating substantial revenue. Musk's remarks underscore the ongoing rivalry in the tech industry and the importance of innovation and adaptability for companies like Amazon to maintain their dominance.

A significant outage affecting Amazon Web Services has caused disruptions across various sectors, including retail, airlines, and social media. This incident highlights the reliance of many businesses on cloud services and the potential impact of such outages on daily operations. As services begin to recover, it raises questions about the resilience of technology infrastructure and the importance of having contingency plans in place.

Amazon Web Services faced a significant service disruption that impacted various platforms, including Coinbase, where users reported difficulties in trading and logging in. This incident highlights the vulnerabilities in cloud services that can ripple across multiple industries. On a different note, Kering has announced its decision to sell its beauty division to L’Oreal for €4.7 billion, marking a major shift in its business strategy. This move is significant as it reflects the evolving landscape of the beauty market and Kering's focus on its core luxury brands.

Zions Bancorporation has reported impressive earnings for the third quarter of 2025, surpassing both earnings per share (EPS) and revenue forecasts. This positive performance highlights the bank's strong financial health and effective management strategies, which are crucial for maintaining investor confidence and supporting future growth. Such results not only reflect the bank's resilience in a competitive market but also indicate a promising outlook for the financial sector as a whole.

BHP's recent report reveals that its iron ore production has fallen short of estimates due to maintenance works, raising concerns among investors. This shortfall could impact the company's financial performance and market position, highlighting the challenges faced in maintaining operational efficiency. As one of the largest mining companies globally, BHP's production levels are closely watched, and any deviations can influence commodity prices and investor confidence.

Jeff Moon, the former Assistant U.S. Trade Representative to China, highlights the significant leverage China now holds over rare earth materials, a situation that could reshape U.S.-China relations. He discusses this on 'The Close' with Katie Greifeld and Romaine Bostick, suggesting that both nations are on the brink of a new era in trade dynamics. This is important as it could impact global supply chains and economic strategies moving forward.

Dageville, the founder of Snowflake, has sold $6.15 million worth of SNOW stock, a move that has caught the attention of investors and analysts alike. This sale is significant as it may indicate Dageville's confidence in the company's future or a strategic financial decision. Understanding the implications of such stock sales can provide insights into market trends and investor sentiment.

Despite an Amazon Web Services outage that caused some disruptions, Wall Street experienced a significant surge, with the S&P 500 rising by 1.1%. This positive momentum was largely driven by strong performances from Apple and a general optimism as investors look forward to a busy earnings week. The resilience of the market in the face of challenges highlights the confidence investors have in leading tech stocks.

The Trump administration is considering a potential offering for Fannie Mae and Freddie Mac, with the Federal Housing Finance Agency (FHFA) director indicating that this could happen as early as the end of 2025. This development is significant as it could reshape the housing finance landscape, impacting mortgage rates and availability for homebuyers. Stakeholders in the housing market are closely monitoring these discussions, as changes could influence both the economy and individual homeowners.