Traders in Amazon futures are positioning for possible upside catalysts linked to Q4 holiday sales trends. Historical data shows futures prices often preempt spot market gains in response to strong seasonal performance metrics. Electric aviation represents a small but developing corner of the transportation industry, Reuters reported. Only a handful of companies are currently developing and testing commercial aircraft powered by electricity. Also dragging on spirits was disappointment over Amazon's ( AMZN ) earnings released late Thursday. The performance of its AWS cloud unit failed to live up to lofty expectations set by rivals Google ( GOOG , GOOGL ) and Microsoft ( MSFT ), sending the stock tumbling. Amazon futures holding patterns indicate cautious optimism as traders await further macroeconomic clarifications from upcoming Fed statements. Interest rate stability could amplify bullish positioning in growth-oriented assets like Amazon.
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