The second half of this year will be a ‘great year’ as tech giants like Amazon, Facebook, Netflix, and Google push into new markets, according to the latest report from the S&P 500 Index.
The S&P 500 has climbed nearly 500 points in the past three months, and the index is up over 13% year-to-date.
But it’s unclear whether the index will be able to continue the upward momentum it’s enjoyed in the first half, which has seen the index jump more than 3,000 points since mid-January.
The first half is still a year of exciting business news for the tech companies.
The company that is best known for its Kindle Fire tablets has launched a new service called Amazon Prime that lets you buy an Amazon product and get free shipping on it, for example.
The retailer also announced that it will be launching a new video streaming service that will let people watch live TV and other content on their phones.
The company that dominates the e-commerce market with its Kindle e-readers, Amazon.com, has announced that its Kindle Prime service will come to the desktop this fall.
The e-reader will be priced at $99.99 and available starting today.
Amazon CEO Jeff Bezos is expected to unveil Amazon Prime in a keynote speech at the company’s annual shareholder meeting on Tuesday.
Bezos said the new service is the company to watch in 2017.
In addition to Amazon, other tech stocks have made strong gains.
Google’s stock has gained more than 12% year to date.
Shares of Facebook have gained nearly 13% this year.
Apple’s stock is up nearly 13%.
Amazon, which is expected by analysts to raise its dividend from $1.75 to $2.25 this year, has been able to do so despite the steep rise in the company that controls the vast majority of its retail sales.
But the company also has a growing backlog of inventory that makes it difficult to meet its sales targets.