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Why Amazon Was Falling Today

    Shares of e-commerce and cloud giant Amazon (NASDAQ: AMZN) were falling in today's trading, down by as much as 3.2%, before recovering to a 2.7% decline as of 12:44 p.m. ET. Today, Amazon announced it would hire 250,000 people this holiday season across full-time, seasonal, and part-time roles, including 30,000 in the state of California. In addition, Amazon will raise its hourly wages to those workers to between $17 and $28 per hour, compared with an average of $19 per hour last year.

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