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AMZN
CNBC
41 days

Retailers log $7.9 billion in online sales in first 24 hours of Prime Day

1. U.S. online sales rose 9.9% to $7.9 billion at Prime Day kickoff. 2. Amazon's Prime Day is seeing strong demand in home and outdoor goods. 3. Early results are softer than last year's but it's too early to judge. 4. Adobe predicts total sales of $23.8 billion during the Prime Day event. 5. Economic uncertainty and tariffs remain concerns for consumers and retailers.

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FAQ

Why Bullish?

The significant rise in online sales indicates strong consumer interest, potentially boosting AMZN revenue.

How important is it?

The article discusses key sales events and economic indicators affecting AMZN's market position.

Why Short Term?

Immediate sales metrics during Prime Day could reveal trends that influence quarterly earnings.

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