Amazon.com, Inc. closed 2.8 percent higher on Tuesday despite its cloud computing arm, AWS, suffering an outage that affected multiple services across the U.S. East Coast. Streaming services such as Netflix Inc. and Walt Disney Co.’s Disney+ were disrupted and Disney’s theme parks were affected, with some guests unable to enter them. Airlines such as Delta Airlines, Inc. and Southwest Airlines Co. reported difficulties with their reservation systems. And, a number of Amazon’s offerings such as its Ring smart doorbell, Alexa virtual assistant, and its Amazon Music Service were also impacted. The outage highlighted the risks involved with cloud computing and the chaos that can be caused when the technology experiences a glitch. In the premarket on Wednesday, Amazon was trading flat in line with the Nasdaq, which attempted to bust up through a heavy resistance level at $16,436.30 at 6:45 a.m. EST and failed. For Amazon to make another …
Amazon Stock Ignores Massive AWS Glitch, Follows Chart Patterns: What’s Next?
December 8, 2021
admin
0 Comment