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Why Amazon Stock Jumped on Monday

TheMotleyFool

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Why Amazon Stock Jumped on MondayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/ee32e77c-b7d6-424b-91ea-4023f2292688.png

Shares of e-commerce and cloud computing giant Amazon.com (NASDAQ: AMZN) jumped sharply higher on Monday. The move was likely primarily driven by a bullish day in the overall stock market. But the company notably has an earnings report coming up this week; so some of the stock's gains could represent bets from investors and traders who are hoping for a good report.

The stock rose as much as 4.4% on Monday but finished the trading day up a total of 3.9%.

Image source: Getty Images.

Source Fool.com

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