Why Amazon Shares Are Rising

Shares of several companies in the broader technology sector, including Amazon.com, Inc. AMZN, are trading higher in sympathy with the overall market on optimism Congress will near a deal that would prevent a government shutdown.

Shares of companies in the broader technology space have otherwise been trading lower in recent sessions amid a rise in bond yields, which has weighed on growth stock valuations.

Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $482 billion in estimated physical/digital online gross merchandise volume, or GMV, in 2020. 

Amazon has a 52-week high of $3,773.08 and a 52-week low of $2,881.00.