Money
Amazon makes history by smashing all-time records
Amazon’s future looks promising as the company comes closer to unprecedented highs.
Amazon shares have risen to record highs after blowout results. The stock prices jumped Tuesday and were recently trading at over $3,500. This is about 0.5 per cent away from a fresh high.
It would be the E-commerce giant’s first record close since September 2.
Amazon shares have lagged the S&P 500 in recent months, but big sales events helped push shares of major retailers higher.
Amazon Prime Day helps to push stock prices over the line
Amazon has just wrapped up its annual Prime Day event, and now Target is also slashing prices in separate summer sales events.
Amazon Prime Day is the yearly event the company uses to get us all signed up to Amazon Prime accounts, promising faster shipping and even a video catalogue.
This comes after Amazon faced a massive global shipping crisis during Amazon Prime day.