Amazon trades up 43 cents, approximately 0.45% higher going into close in 29 minutes time

Published: January 25 2023, 20:30 GMT+0

Amazon trades up 43 cents, approximately 0.45% higher going into close in 29 minutes time

As the end of the trading session approaches, the tech and retail multifaceted giant is up to $96.75 for an increase of 0.45% from $96.32 today.

Nevertheless, United States Crude Oil Inventories published today at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure.

Meanwhile, United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories came out at 4.27 million.

This rally in Amazon's share price coincides with other consumer discretionary stocks as Walt Disney is up 1.63% to $107.73. McDonald's is up 0.85%. Tesla gained 0.9%, currently at $145.19.

Furthermore, the market is looking at United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was 0.1%, data will be available tomorrow at 13:30 UTC. Projections for United States GDP are set for a continuation of decline with 2.6 while previous data was 3.2; data will be released tomorrow at 13:30 UTC. Tomorrow at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 205,000 from the preceding figure of 190,000.

Amazon hit a significant low of $81.82 around 28 days ago, but has since recovered 17.72%.

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