Diamonds and Dogs

6/23/20 (AMZN) powers higher. Amazon is up 2% to new highs as the company is creating a $2 billion venture-capital fund focused on technology investments to reduce the impact of climate change. Amazon has set a goal to meet Paris Climate agreement objectives 10 years early, with a pledge to be carbon neutral by 2040 even for its Prime one-day shipping service. Amazon said then it would work toward using 100% renewable energy by 2030 and had placed a big order for electric vans from Rivian, which the online retailer took a $440 million stake in.

Micron Tech (MU) one of the few tech stocks lower. The chip stock is down 2% stuck in a trading range on a downgrade today. The price target was cut to $55 a share as the analyst believes the environment for data-center memory chips has worsened over the past few months. Maybe COVID-19 had something to do with this.

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