US Stock Market Move | Amazon.com, Inc. (AMZN.US) rose nearly 4%; Morgan Stanley named it a top pick and raised its price target to $350.

On Monday, Amazon.com, Inc. (AMZN.US) rose nearly 4% to $259.63. On the news front, on October 19, Morgan Stanley named Amazon.com, Inc. a top pick and raised its price target from $335 to $350. In addition, American Electric Power Company, Inc. (AEP) announced a joint development agreement with Amazon.com, Inc. and advanced nuclear technology company X-energy to explore building a nuclear power project with a capacity of up to 960 megawatts in Indiana. Amazon.com, Inc. plans to purchase electricity from the project through long-term power purchase agreements, with contract revenue covering facility costs. The project will use advanced nuclear technology and aims to meet growing electricity demand from sectors such as data centers.