Futures contracts linked to Amazon are showing a mild contango structure, indicating investor expectations for higher spot prices over the next quarter. This curve dynamic is being driven by anticipated retail season strength and robust Prime subscription renewals. Amazon just kept going and badly Photoshopped more old James Bond covers, each a bit uglier (and somehow even stupider) than the last. While the newer Bond film Spectre simply had the gun cropped out, many images were severely changed. Declining issues outnumbered advancers by a 1.55-to-1 ratio on the NYSE, and by a 1.98-to-1 ratio on the Nasdaq. Amazon futures traded near $184.25 in pre-market activity today, reflecting a modest 0.4% uptick as tech-heavy indices edge higher. Strong AWS revenue growth projections and improving retail margins are bolstering bullish sentiment in the derivatives market, with options data showing increased call volume at the $190 strike.
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