Amazon's stock rallied to its highest in more than two months on Friday after a research firm predicted the online heavyweight's retail business in North America is set to beat Wall Street's estimates.
Amazon's shares climbed 4% to $108, their highest since Feb. 3, giving the Seattle company a stock market value of $1.1 trillion.
North American net sales account for more than half of Amazon's overall revenues, with international and Amazon Web Services, or AWS, making up the rest. New York-based YipitData aggregates and analyzes data that track the behavior of millions of U.S. consumers, including email receipts, online transactions, app data and web traffic.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here are Friday's biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & moreHere are Friday’s biggest analyst calls: Amazon, Tesla, CVS, Microsoft, XPO, AT&T, Spotify & more
Read more »
Ferrari North America Imported One F8 Tributo for 2023Whether they know it or not, the person who bought a 2023 Ferrari F8 Tributo owns what's essentially a one-of-one car.
Read more »
Luis Miguel Announces 2023 Tour: Here Are the North & South America DatesSee the North and South American dates for Luis Miguel's 2023 tour!
Read more »
Mini Said To Consider Building Electric Crossover In North AmericaBMW Group already confirmed an $878 million investment to build Neue Klasse EVs and battery packs at its plant in San Luis Potosi, central Mexico.
Read more »
Pocatello city flag goes from worst in North America to 11th-best in nation, survey saysA 2022 survey conducted by the North American Vexillological (the study of flags) Association (NAVA) shows that the city flag of Pocatello is ranked 11th in the nation.
Read more »