Amazon

Key events: UK - BoE Gov Bailey Speaks Eurozone - ECB's Elderson Speaks USA - Durable Goods Orders (MoM) (May) USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims  The S&P 500 closed slightly higher on Wednesday, buoyed by a record surge in Amazon, which lifted the tech sector ahead of upcoming inflation data. The S&P 500 rose by 0.1%, while the NASDAQ Composite increased by 0.5%. The Dow Jones Industrial Average climbed 16 points, or 0.04%.

Over the past decade, Amazon has become a household name. Even more, in the history of the stock market, it is one of the best investments. It is not surprising since at the start of the company's work, there was not even such a thing as e-commerce. Amazon was a pioneer in this area. Today, most traders and investors are wondering what the predictions for Amazon stock are and if it is still a good investment. In this article, we will answer these questions, as well as will look at the price analysis and different factors influencing the quotes.