Amazon shares are trading lower ahead of the company's Q3 earnings report. Weakness in Microsoft and eBay following earnings may also be weighing on sentiment.
Portfolio Pulse from Benzinga Newsdesk
Amazon shares are experiencing a decline in anticipation of the company's Q3 earnings report. The negative performance of Microsoft and eBay after their earnings reports may be contributing to the overall market sentiment.

October 31, 2024 | 7:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Amazon shares are trading lower as investors await the Q3 earnings report. The decline may be influenced by negative sentiment from Microsoft's and eBay's recent earnings.
Amazon's stock is declining as investors anticipate the Q3 earnings report. The market sentiment is likely affected by Microsoft's and eBay's recent earnings, which showed weakness, leading to cautious investor behavior.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
eBay's weak earnings report may be influencing negative sentiment in the market, impacting Amazon's stock.
eBay's weak earnings report is likely contributing to a negative market sentiment, which is impacting Amazon's stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft's recent earnings report showed weakness, which may be contributing to negative market sentiment affecting Amazon.
Microsoft's weak earnings report is likely contributing to a broader negative market sentiment, which is affecting Amazon's stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50