Stocks Shrug Off Downbeat Apple, Amazon Earnings

U.S. stocks capped their strongest month since November by shrugging off woes at two of the biggest companies in the stock market, Apple and Amazon.com .

Both companies warned investors Thursday afternoon that ongoing supply-chain disruptions were affecting their operations. Apple said the snarls were hindering the manufacturing of iPhones and other products and would bring increased difficulties during the holiday-shopping season. Amazon, meanwhile, posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain issues would weigh on fourth-quarter earnings.