Amazon stock extends surge

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Source: Dukascopy Bank SA


During Wednesday's US trading hours, AMZN stock price surged by 2.07%, as it entered a fourth consecutive trading session of gains. Since March 31, the stock price had gained more than 7.55%.

The surge started, as the US President Joe Biden singled out Amazon as one of the companies, which should pay bigger taxes. However, it was the reply of the company that was the real trigger of the surge. Namely, Amazon agreed with the President and stated that the US should increase corporate taxes to fund the infrastructure program.

Jeff Bezos posted in his blog: "We recognize this investment will require concessions from all sides — both on the specifics of what's included as well as how it gets paid for (we're supportive of a rise in the corporate tax rate)."
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Thu, 08 Apr 2021 15:23:17 GMT

Microsoft stock reaches new record

On Thursday, the stock price for Microsoft for the first time ever reached above the 250.00 USD mark, as during the early hours of the day's trading the stock gained more than 1.00%. In addition, since March 31, the stock has gained almost 10.00% in value. The surge started, as Microsoft announced that it had won a $21.9 billion contract

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