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Why Amazon Stock Jumped Today

TheMotleyFool

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Shares of Amazon.com (NASDAQ: AMZN) climbed on Wednesday, following several positive developments.

Image source: The Motley Fool.

The U.S. and Iran agreed to a two-week ceasefire that will reportedly allow shipping through the Strait of Hormuz to resume. Roughly 20% of global oil and natural gas shipments flow through this vital waterway. Energy prices declined on the news as concerns about long-term supply disruptions eased.

Source Fool.com

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