Amazon shares jump ahead of Prime Day
Amazon shares rose by 4.8 percent on Monday ahead of the Tuesday start of the online retail giant's two-day Prime Day sale event. Amazon won't disclose the take for the annual event, which was delayed this year due to the coronavirus crisis, but some analysts expect $10 billion in sales over the two days. The gains by Amazon and fellow tech-giant Apple fueled a tech surge that lifted the tech-heavy Nasdaq by 2.6 percent on Monday. The Dow Jones Industrial Average and the S&P 500 also rose, by 0.9 percent and 1.6 percent, respectively. U.S. stock index futures were mixed several hours before the opening bell on Tuesday as investors awaited the kickoff of earnings season and fresh news on coronavirus stimulus talks in Washington.
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