NASDAQ Breach 20,000 Level After November’s Inflation

AMZN: The Untold Story of Amazon.com - Book CoverThe stock market was mixed on Wednesday after November’s inflation report met analysts’ expectations. Such showed a 0.3% rise from October and 2.7% growth from a year ago.

Overall, S&P 500 was up 0.8% to 6,084, while NASDAQ increased 1.8% to 20,035.

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Here is the ten-year chart of Amazon (AMZN) as of November 5, 2024, when the stock was at $200.

Last quarter, Amazon’s (AMZN) profits surged 52% as profit margins in each of its three division showed significant growth compared to the same period last year.

Operating margin improved across the board to 11.0% from 7.8% year ago. The International segment was the biggest surprise, posting operating income of $1.3 billion, a sharp turnaround from $100 million loss a year ago.

Overall, investors were extremely positive about the quarter and pushed the stock price higher.

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