Amazon.com, Inc. AMZN shares are trading higher by 6.05% to $111.50 during Thursday's session amid overall market strength and in anticipation of today's fourth-quarter earnings report. Strong results from Meta Platforms Inc META have lifted other tech stocks as well.
According to analyst consensus estimates, Amazon is expected to report revenue of $145.45 billion on EPS of 17 cents.
What Happened With Meta?
Meta Platforms reported fourth-quarter earnings per share of $1.76, missing a Street estimate of $2.22. The company said earnings per share would have been $1.24 higher without restructuring charges in the fourth quarter.
The company ended the fourth quarter with 2.96 billion daily active...Read More
What Happened With This Week's FOMC Meeting?
Wednesday's 0.25% rate hike brings the target fed funds rate to a new range between 4.5% and 4.75%, the highest levels seen since before the 2008 financial crisis.
The move was in line with average economist expectations and comes in the wake of a downshift from the Fed in December. At its last meeting, the central bank opted for a 0.5% hike, which was preceded by four straight 0.75% rate hikes...Read More
See Also: Federal Reserve Downshifts To 0.25%: Central Bank's Pace Of Interest Rate Hikes Slows With Inflation
AMZN has a 52-week high of $170.83 and a 52-week low of $81.43.
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