Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher by 1.70% to $112.06 Thursday morning. The stock is trading higher despite major indicies trading flat or lower during Thursday’s session. The move higher could potentially be in reaction to a rebound in the Producer Price Index (PPI) for final demand in April.
What’s Going On In The Broader Market?
The U.S. Bureau of Labor Statistics reported a rebound in the Producer Price Index (PPI) for final demand in April, with a month-over-month rise of 0.2%.
The increase comes after a revised drop of 0.4% in March and falls short of the expected 0.3% increase. The modest rise is largely attributable to an 0.3% increase in prices for final demand services, which accounted for 80% of the overall upswing…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.
