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Investor's Business Daily

Investor's Business Daily

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Technology

Is Amazon Stock A Buy After Late 2024 Rally?

Investor's Business Daily
Summary
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Amazon stock opened on the stock market Tuesday a fraction higher at 225.61 on what will be a shortened trading day for Christmas Eve .

Amazon stock has found support near Amazon 's 21-day trading average after dropping nearly 5% in a broader market pullback on Dec. 18 .

The rally has been powered by investor optimism about Amazon 's e-commerce and cloud-computing operations.