Stock traded mostly higher Tuesday as Wall Street readied for U.S. inflation data that likely will underpin the Federal Reserve’s decision on interest rates later this month.
These stocks were making moves Tuesday:
Amazon.com
(ticker: AMZN) was up 0.9% as the online retailer kicked off Prime Day, its shopping extravaganza.
Amazon
stock historically performs better following the end of Prime Day events, according to Dow Jones Market Data. Last year, members purchased more than 300 million items worldwide during the sales event, a record for Amazon. On Tuesday, Wells Fargo analyst Ken Gawrelski added Amazon stock to his firm’s list of “signature picks.”
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