Shares of several companies in the broader technology space, including Amazon.com, Inc. AMZN are trading lower amid overall market weakness following worse-than-expected US inflation data, which has weighed on stocks across sectors.
The 10-year Treasury yield hit an intraday high of 1.592% before dipping to around the 1.551% level. This jump in Treasury yields has also weighed on growth and tech names for the session.
Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators.
See Also: Why AMD Shares Are Falling
Amazon has a 52-week high of $3,773.08 and a 52-week low of $2,881.00.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
