Amazon.com, Inc. AMZN shares are trading lower by 3.86% to $115.66 during Friday's trading session. Amazon shares are trading lower amid overall market weakness after better-than-expected US unemployment data dimmed expectations for a Fed policy pivot. Continued hawkish Fed policy could drive an economic slowdown, which would negatively impact consumer spending.
What's Going On In The Broader Market?
The U.S. added 263,000 jobs last month, outpacing average economist estimates of 250,000 jobs, according to Benzinga Pro.
New data from the Bureau of Labor Statistics showed the U.S. unemployment rate at 3.5%, beating the 3.7% level economists had projected. The labor participation rate dropped 0.1% to 62.3%, compared to the 63.4% pre-pandemic rate in February 2020...Read More
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According to data from Benzinga Pro, Amazon has a 52-week high of $188.11 and a 52-week low of $101.26.
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