Shares of Amazon.com (NASDAQ: AMZN) rose on Monday after the U.S. government took drastic action to avert a banking crisis. Investors seemed to take confidence that, in particular, many tech companies that buy services from Amazon Web Services will continue to be able to do so now that the government has agreed to make sure no depositors in Silicon Valley Bank lose money. As of 1:23 p.m. ET, Amazon's stock price was up roughly 2%. Read More...
Shares of Amazon.com (NASDAQ: AMZN) rose on Monday after the U.S. government took drastic action to avert a banking crisis. Investors seemed to take confidence that, in particular, many tech companies that buy services from Amazon Web Services will continue to be able to do so now that the government has agreed to make sure no depositors in Silicon Valley Bank lose money. As of 1:23 p.m. ET, Amazon’s stock price was up roughly 2%.
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