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Amazon stock bounces, after Trump tweets ‘concerns’ about U.S. Postal Service, taxes

March 30, 2018

President Donald Trump tweeted early Thursday about his “concerns” that e-commerce giant Amazon.com Inc. isn’t paying its fair share of taxes and is hurting the U.S. Postal Service, sending shares initially to a seven-week low before they recovered in late trade.

The stock AMZN, +1.11% tumbled as much as 4.6% to the lowest level seen since Feb. 12, before bouncing sharply to close up by 1.1%. The stock was still down 4.3% for the month, which would be the worst monthly performance since November 2016.

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