Shares of Amazon.com (NASDAQ: AMZN) are trading lower in after-hours trading. The company hasn’t issued any new news, but the problem is that United Parcel Service (NYSE: UPS) gave an earnings warning. The tie here isn’t directly the higher fuel prices, but that comment about softening demand "on lower than expected package volume."
Amazon.com closed down 0.5% at $80.68 in normal trading with a weak NASDAQ today, and shares are down about 1.4% in after-hours at $79.55 on about 89,000 shares.
The reason for the tie is even more simple that the overall mail delivery ties from one company to another. If you order through Amazon.com you are almost assured that it will be delivered by UPS.
Jon C. Ogg
June 23, 2008
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.