Amazon shares extend gains for second straight session, jump 4.2% to one-month high

Amazon Inc shares remained higher for the second straight session on Wednesday, March 04, rising 4.2% to the day’s high of $217.54, also marking the highest level in a month. The company’s shares surprisingly showed limited reaction to the rising tensions in the Middle East, even as its key cloud units were attacked.

Amazon, along with other major tech companies, is reportedly pulling back some operations in Dubai amid escalating tensions in the Gulf region.