amazoncom inc amzn shares are trading higher by 1005 to 9480 thursday morning the stock is trading higher in sympathy with major indices are higher following key us economic data which showed a slowdown in inflation and a rise in jobless claims this has alleviated some concerns of high inflation and a tight labor market the headline cpi rose 77 in october down from 82 in september according to data from the us bureau of labor statistics the october cpi reading came in below average economist estimates of 8 thursdays highly anticipated cpi inflation reading comes a week after the federal reserve raised its benchmark rate by 075 for the fourth straight time in a continued fight against historically high inflationread more according to data from benzinga pro amzn has a 52week high of 18811 and a 52week low of 8587