What's Going On With Amazon Stock Friday?
Portfolio Pulse from Henry Khederian
Amazon shares fell 2.6% following a U.S. jobs report showing lower-than-expected job growth but higher wage increases. This could lead to increased labor costs for Amazon, affecting profit margins. The report also reduces the likelihood of significant interest rate cuts, impacting growth-oriented companies like Amazon.
September 06, 2024 | 2:52 pm
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Amazon shares fell 2.6% due to a U.S. jobs report indicating higher wage growth, which could increase labor costs and squeeze profit margins. The report also reduces the likelihood of significant interest rate cuts, impacting Amazon's growth potential.
The U.S. jobs report showed higher-than-expected wage growth, which could lead to increased labor costs for Amazon, affecting its profit margins. Additionally, the reduced likelihood of significant interest rate cuts could negatively impact Amazon's growth, as higher rates increase borrowing costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100