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Benzinga
Benzinga
Business
Melanie Schaffer

What To Watch For On Amazon Stock As This Bearish Pattern Looks To Play Out

Amazon.com, Inc (NASDAQ:AMZN) was trading slightly lower on Monday after a bearish day on Friday dropped the stock down 4.77%.

The sharp market downturn came after better-than-expected U.S. unemployment data was released on Friday, which traders and investors believe may have paved the way for the Federal Reserve to continue hiking interest rates at a rapid pace.

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