Amazon on Tuesday broke through the $2000 resistance point to close at $2011.60(+0.70%)
The company has released a statement that as a result of surging in client orders they are going to put a halt to their delivery services that compete with UPS and FedEx in order to focus more on their stores. The Company has also said they are going to employ 100,000 more workers because of the increase in online orders.
Amazon has been having a lot of work in the wake of the Coronavirus Pandemic since most people are staying home and prefer online shopping rather than going outside to do the shopping manually.