AMZNAmazon.com, Inc.
261.49
-2.14%
SUPPORT:257.9250.71
RESISTANCE:265.08272.27
Past
What happened
Amazon fell 2.14% to $261.49 as rate-shock hit both the retail and AWS legs simultaneously, with consumer-discretionary pressure compounded by the PPI inflation surprise.
Why
Why it matters
AMZN's the most rate-sensitive Mag-7 — every basis-point move in 10s feeds through both consumer-spending models and the cloud-discount-rate. That's why it underperformed today.
Watch
What to watch
$258 (50-day) is the defended line. WMT next week sets the consumer read; AWS event calendar for re:Invent-related leaks supplies the upside catalyst.
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