Amazon Lauches Etsy Competitor

The stock market is lower this morning, but not by much. I think there’s an expectation that we’re soon going to attack 2,000 on the S&P 500.

This morning’s jobless claims report was a good one. Jobless claims fell to 263,000 which is the lowest in nearly two months. It’s also pretty close to a 42-year low.

At 2 pm, the Fed will release the minutes from their last meeting. This is the meeting where they held off on a rate increase. That seems to have been the right move. Wall Street will look at the minutes closely for signs of what the central bank is thinking.

Shares of eBay (EBAY) are down 7% this morning. The story here isn’t so much about eBay but about Etsy (ETSY). Amazon (AMZN) has launched a site that will compete with Etsy and may probably finish off the company.

Posted by on October 8th, 2015 at 11:23 am


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