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Benzinga
Benzinga
Business
Henry Khederian

Why Amazon Shares Are Falling Today

Amazon Nasdaq Inflation

Amazon.com, Inc (NASDAQ:AMZN) shares are trading lower by 5.60% to $109.67. Amazon shares are trading lower amid overall market weakness following worse-than-expected May inflation data, which has added to economic concerns and pressured consumer discretionary stocks.

According to the Bureau of Labor Statistics, the all-items CPI figure increased 8.6 percent for the 12 months ending May, the largest 12-month increase since the period ending December 1981.

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