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Why Amazon Stock Was Outperforming the Market Today

Shares of Amazon (NASDAQ: AMZN) were trading up 2.7% as of 1:21 p.m. ET on Tuesday. By comparison, the Nasdaq Composite index was up 1.7%. While the tech giant's upward move is coming during a broadly positive day for the markets, a Reuters article suggests that Amazon might be days away from closing its acquisition of the iconic Hollywood film studio MGM. Read More...

Shares of Amazon (NASDAQ: AMZN) were trading up 2.7% as of 1:21 p.m. ET on Tuesday. By comparison, the Nasdaq Composite index was up 1.7%. While the tech giant’s upward move is coming during a broadly positive day for the markets, a Reuters article suggests that Amazon might be days away from closing its acquisition of the iconic Hollywood film studio MGM.

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