Amazon shares are trading lower amid overall market weakness after Fitch downgraded the US credit rating.
Portfolio Pulse from Benzinga Newsdesk
Amazon's stock is trading lower due to overall market weakness following Fitch's downgrade of the US credit rating.

August 04, 2023 | 11:50 am
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NEGATIVE IMPACT
Amazon's stock price is negatively impacted by the overall market weakness due to Fitch's downgrade of the US credit rating.
Amazon's stock price is trading lower due to the overall market weakness caused by Fitch's downgrade of the US credit rating. This downgrade has led to a negative sentiment in the market, affecting all stocks, including Amazon.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100