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DAILY UPDATE: Amazon and the Markets

August 6, 2023 1:34 PM

By Staff Reporters

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Markets: Stocks embraced the idea that what goes up must come down last week as all three major indexes ticked up in the morning only to fall in the afternoon and finish the week in the red. The back-and-forth reflected a mixed jobs report, which showed jobs being added more slowly but unemployment staying low and wages staying high.
Stock spotlight: Amazon had its best day this year after the market digested its blockbuster quarterly results. The company added over $100 billion to its value, according to Dow Jones Market Data.

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