Amazon’s post-election surge is hitting ETF portfolios very differently depending on how much of one stock is quietly buried inside each fund, and many retirement investors own far more Amazon than they realize.
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Shares of Amazon.com (NASDAQ:AMZN | AMZN Price Prediction) are up 6.28% in today’s session, recently at $266.44 shortly after 11:21 AM ET. The gain came the morning after Democrats won control of Congress in the midterm elections. Yahoo Finance reports that stock futures initially fell on the results before investors started buying again, and Investor’s Business Daily reports Amazon is leading a rally in cloud hyperscaler stocks. Other reports tie the move to fading uncertainty now that the election is decided. The rally followed the vote, but the reported drivers are the end of election uncertainty and a broader cloud and Big…
