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Benzinga

Business

Henry Khederian

Why Amazon Shares Are Falling

Amazon Nasdaq United States

Shares of large-cap US stocks, including Amazon.com, Inc. (NASDAQ:AMZN), are trading lower amid overall market weakness as Fed rate hike outlook and economic concerns weigh on market sentiment.

U.S. indices at large are also trading lower on continued weakness following comments from Federal Reserve Chair Powell suggesting a rate hike of 50 basis points is possible for May. The Fed has indicated it may move quicker on rate hikes to curb inflation.

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