Amazon shares are trading lower as stocks sell off amid rising yields.
Portfolio Pulse from Benzinga Newsdesk
Amazon's shares are trading lower as stocks sell off amid rising yields.
October 03, 2023 | 3:33 pm
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Amazon's stock price is trading lower due to a broader market sell-off triggered by rising yields.
Amazon's stock price is being negatively impacted by a broader market sell-off. This sell-off is being triggered by rising yields, which can make stocks less attractive compared to bonds. As a result, investors may be selling their stock holdings, including Amazon, leading to a decrease in its stock price.
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IMPORTANCE 75
RELEVANCE 100