US markets open higher as stocks rebound from last week’s volatility despite a major Amazon Web Services (AMZN) outage that took down large portions of the internet overnight, including platforms like Coinbase (COIN), Robinhood (HOOD), and Disney+ (DIS). Amazon says the issue has been mitigated and services are returning to normal. Investors now turn their focus to a packed week of corporate earnings — with Tesla (TSLA), Netflix (NFLX), Coca-Cola (KO), and Intel (INTC) all set to report. The long-delayed September CPI report is also finally due Friday, giving the Fed its first real data point in weeks amid the government shutdown. On Wall Street, traders expect the reading to show inflation holding at 3.1% year over year, still well above the Fed’s 2% target. Meanwhile, luxury giant Kering (KER.PA) sold its beauty division to L’Oréal (OR.PA) for $4.7B, and Apple (AAPL) climbed after a Loop Capital upgrade on stronger-than-expected iPhone 17 sales.

Takeaways:

Massive AWS outage briefly takes down major sites like Coinbase, Robinhood, and Disney+
Tesla, Netflix, Coca-Cola, and Intel headline a busy week for earnings
September CPI finally set for release after shutdown delays; Fed in focus
Kering sells beauty arm to L’Oréal for $4.7B; Apple upgraded on strong iPhone demand

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Amazon outage hits web, Tesla earnings ahead, CPI finally coming