Amazon (AMZN) Stock Soars 8% Monday: What's Going On?
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Amazon's stock surged 8.1% to $208.68 following the U.S. and China's temporary easing of tariffs, signaling a potential de-escalation of trade tensions. This tariff reprieve is expected to lower Amazon's cost of goods sold, enhancing profit margins, particularly in its retail segment. Additionally, Amazon Web Services may benefit from improved geopolitical relations, easing data localization pressures. The stock's rise reflects broader positive sentiment in the tech sector, with investors anticipating stronger revenue growth and improved logistics as global supply chains stabilize.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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