Why Amazon Shares Are Falling

Amazon.com, Inc. AMZN shares are trading lower by 2.09% to $118.44 during Thursday’s trading session in anticipation of the company’s second-quarter earnings report.

According to analyst consensus estimates, Amazon is expected to report revenue of $119.12 billion on EPS of $0.14.

What Else?

Wednesday saw the Federal Reserve raise its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.

The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage-backed securities roll off its balance sheet on a monthly basis… Read More

See Also: Ford Stock Is Rising: Here’s Why

According to data from Benzinga Pro, Amazon has a 52-week high of $188.11 and a 52-week low of $101.26.

Image and article originally from www.benzinga.com. Read the original article here.