Stock Market Today, March 9: Amazon Edges Higher on Zoox Robotaxi Expansion

Amazon (NASDAQ:AMZN), global e-commerce and cloud leader, closed Monday at $213.49, up 0.13%. The stock inched higher as investors weighed Zoox’s robotaxi expansion against UPS’s (NYSE:UPS) strategy shift away from lower-margin Amazon parcels. Investors are also while watching transportation and logistics impacts amidst volatile oil prices. Trading volume reached 53.5 million shares, nearly 11% above its three-month average of 48.4 million shares. Amazon IPO'd in 1997 and has grown 217,932% since going public.The S&P 500 (SNPINDEX:^GSPC) added 0.83% to finish Monday at 6,796, while the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.38% to close at 22,696. Within e-commerce and cloud computing, industry peers also saw muted moves, as Alibaba Group (NYSE:BABA) closed at $132.64 (+1.41%) and Microsoft (NASDAQ:MSFT) ended at $409.41 (+0.11%).Markets whiplashed today following the price of oil. As oil soared early, markets were hit hard. Both reversed course as the day progressed. Amazon had its own news today, too. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool