Amazon stock pops following Meta’s earnings release

Yahoo Finance Live’s Rachelle Akuffo discusses the rise in stock for Amazon.

Video Transcript

RACHELLE AKUFFO: All right, well, shares of Amazon pushing higher this morning on the back of Meta's earnings report as its new efficiency mentality fuels optimism on the company's future.

With Meta back on track, the prospects are looking brighter for Amazon's earnings as it gears up to report its quarterly results after the bell. And investors will be eager to watch how things shake out for the e-commerce giant and, of course, the tone for the coming year after it. Like Meta, participated in the wave of layoffs amid cost-cutting efforts.