Amazon Down As Stocks Are Mixed

Wall Street is showing positive direction Wednesday as investors are beginning to believe tensions are easing off between Kiev and Moscow.

By late morning, the Dow Jones had advanced 0.4% to 17,129, while the Nasdaq Composite consolidated slightly to 4,591.4 points. Gaining ground amid geopolitical risk reduction.

Tensions have eased in Ukraine after the statements of the president of the country suggesting the establishment of a cease-fire agreement with Vladimir Putin.

Wednesday was also marked by the publication of some statistics.

Industrial orders were up 10.5% in July, however, a surge was largely expected by economists because it reflects the commercial success of Boeing at Farnborough. The Beige Book Fed has yet to be unveiled this afternoon.

As for stock quotes, the home builder Toll Brothers premium is down more than 3%, although the group has more than doubled its net profit for its third quarter accounting, to 97.7 million.

Ford is ahead 0.3% after seeing its best August in terms of sales for eight years, but GM lost 0.2% after announcing a settlement of 1% of its shipments to the United States last month.

Amazon was down 0.7% after announcing this morning that its chief financial officer Thomas Szkutak leave the group in June 2015 to be replaced in his post by Brian Olsavsky, currently vice president of finance for large global public activities.

Netflix gained 1.2% after dropping exclusively from Warner Bros. the rights to broadcast streaming ‘Gotham’, the new series depicting the childhood of Batman.

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Pete Southern

About Pete Southern

Pete is an active investor with knowledge of all sectors but his first love are IPO's. A failed day trader who now understands research. A love of economics and writing seen Pete begin to publish content for various finance blogs. Our main editor and collator of contributions, he is your point of contact via editorial at stockpricetoday.com

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