Shares of Amazon (NASDAQ: AMZN) are currently down by 34% so far this year. Investors are rightfully concerned about the impact of rising inflation on the company's logistics and labor costs. The company is also facing challenges associated with staff productivity and excess capacity in its fulfillment and transportation network. Read More...
MarketWatch
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. On Tuesday, the Dow industrials (DJIA) fell 193 points, or 0.62%, to 30,981, the S&P 500 (SPX) declined 0.9% to 3,819, and the Nasdaq Composite (COMP) dropped 0.9%, to 11,265. The S&P 500 has lost 83.82 points, or 2.1%, over the last three trading days.
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