Amazon futures data indicates elevated trading

Amazon futures data indicates elevated trading activity following recent economic reports that showed consumer spending resilience. This macro tailwind is encouraging aggressive price targets ranging from $190 to $195 by the end of the quarter. In a complaint filed in June 2023 , the FTC alleged that Amazon had "knowingly duped millions of consumers into unknowingly enrolling in Amazon Prime." After the closing bell, Amazon shed 2.6% in extended trade after reporting quarterly results. Amazon futures pricing has rebounded from last week’s dip, supported by a stronger Nasdaq Composite close. Analysts note that a favorable macro backdrop, including lower treasury yields, may sustain buying pressure, while hedging strategies remain active around key resistance levels near $