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Benzinga
Benzinga
Business
Adam Eckert

What's Going On With Amazon Stock?

Amazon Nasdaq

Amazon.com Inc (NASDAQ:AMZN) shares are trading slightly higher Thursday, but have fallen by about 9% over the last week.

Mega-cap tech stocks have taken a beating since the Federal Reserve raised rates by 50 basis points last Wednesday, its first rate hike of at least half a percentage point in more than 20 years. Stocks surged following the announcement, but pulled back significantly the following day.

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