AMZNAmazon.com, Inc.
269.36
-2.05%
Past
What happened
Amazon fell 2.1% to $269.36 as the hot PPI print raised concerns about consumer spending power. AWS growth narrative took a backseat.
Why
Why it matters
Amazon is caught between its AI/cloud growth story and its consumer retail exposure -- rising wholesale prices signal margin pressure on the e-commerce side.
Watch
What to watch
The $265 support level from April's consolidation is the line in the sand. Watch for any retail sales data Thursday to gauge consumer health.
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