EC2 t2.micro instance not accessible over http/https

I have created a new instance of EC2 instance t2.micro free tier Amazon Linux AMI in us-east-1 and used the default security group, subnet and vpc in us-east-1. I can ping the public IP and SSH successfully. However, I am not able to access the application over http/https. Connection could not established. I have attached required information as images. Could you spot anything which may cause this.

What I have done so far:

1. I have modified inbound rules on security group which allowed me to ping successfully.
2. Followed other similar posts on Stackoverflow.