Cyber Monday Expectations Boost Amazon Shares
- 5 years ago
According to Reuters, tech stocks are feeling the Holiday season after two weeks of tough losses.
Amazon is up about 4-percent on the day, as the Black Friday deals have become Cyber Monday deals.
Adobe analytics expect e-commerce retail to peak $7.8 billion on Nov. 26th, which is this year's Cyber Monday.
The expectations of high Holiday sales also gave a boost to the S&P 500's retail index, which is up 2.3-percent on the day.
Amazon is up about 4-percent on the day, as the Black Friday deals have become Cyber Monday deals.
Adobe analytics expect e-commerce retail to peak $7.8 billion on Nov. 26th, which is this year's Cyber Monday.
The expectations of high Holiday sales also gave a boost to the S&P 500's retail index, which is up 2.3-percent on the day.