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March 15, 2023
Today at a glance: Amazon rose $1.32 to close at $96.2 today which makes for a move of 1.39%.
Amazon is currently trading at $96.2 following the release of Crude Oil Inventories data from the United States.
A look at other consumer discretionary stocks also showed bullish price action as Home Depot traded at $287.97 after closing today's trading day at $285.57 (up 0.84%).
Amazon went up today, yet these consumer discretionary stocks did not follow — Toyota went down 2.26%, closed at $136.67. Alibaba closed at $81.51 (down 2.79%).
Today's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Initial Jobless Claims is projected to outperform its last figure with 205,000, having previously been at 211,000. The figure will be published tomorrow at 12:30 UTC.
The market is looking forward to the release of new data: United States Philadelphia Fed Manufacturing Index (Mar) will be released tomorrow at 12:30 UTC. United States Building Permits (Feb) scheduled to come out tomorrow at 12:30 UTC.
Pointing downwards for around a month. Jeff Bezos’s company reached a significant high of $169.31 around 11 months ago but has lost 43.96% since then.
