Over 60% of Amazon’s sales come from third-party sellers, many of whom source products from China.
Some merchants report considering shutting down operations or delaying new orders from China.
The move signals Amazon's concern over potential supply disruptions and pricing shifts ahead of peak retail seasons.
Meanwhile, the major indices are given up their gains. The Dow industrial average is now up only 0.03%, the S&P index is up 0.08% and the NASDAQ index is up 0.03% – all virtually unchanged on the day. At session highs, the Dow was up 266 points, the S&P was up 44.44 points, and the NASDAQ index was up 148.48 points.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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