Amazon.com Inc (NASDAQ:AMZN) shares are trading higher Friday afternoon after Federal Reserve Chair Jerome Powell struck a surprisingly dovish tone at Jackson Hole, signaling that rate cuts could be on the horizon as the labor market cools and economic growth slows.
What To Know: For growth companies like Amazon, lower interest rates are particularly bullish. Amazon relies on heavy reinvestment in logistics, data centers and cloud infrastructure to drive long-term expansion.
