Why Amazon, Sea Limited, and MercadoLibre All Surged on Tuesday
After days of declines, a large number of e-commerce and technology stocks staged a wide-ranging relief rally on Tuesday. Investors focused on a broader range of economic issues, allowing high-growth stocks to stage a comeback.
Shares of Amazon (NASDAQ: AMZN) gained as much as 3%, Sea Limited (NYSE: SE) climbed as much as 8.8%, and MercadoLibre (NASDAQ: MELI) surged as much as 10.9%. The trio were trading higher, up 2.3%, 6.4%, and 10.5%, respectively, as of 1:59 p.m. ET.
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Source Fool.com
