Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by 2.63% to $109.42 Wednesday morning amid overall market strength following April CPI data.
The stock has also seen continued volatility following its recent first-quarter earnings report.
What’s Going On In The Broader Market?
The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.
The headline inflation rate rose 0.4% month-on-month in April, up from 0.1% in March and in line with expert expectations. The annual inflation rate was 5.5%, continuing the downtrend started in July 2022…Read More
According to data from Benzinga Pro, AMZN has a 52-week high of $146.57 and a 52-week low of $81.43.
