Fed Governor Williams said he is optimistic that inflationary pressures will gradually ease.

The U.S. ambassador to Lebanon said Washington is pleased talks in Rome are continuing and hopes the governments of Lebanon and Israel achieve a successful outcome.

Amazon.com (AMZN.O) shares hit a record high in early Monday trading, pushing market capitalization above $3 trillion for the first time. The stock has risen about 17% over the past week. Institutional fair-value analysis still shows the share price slightly undervalued. AWS revenue grew 37% this quarter; on an adjusted basis company revenue and operating profit beat market expectations by 2% and 11%, respectively. Benchmark, UBS and TD Cowen have raised their PTs following the results.