Amazon, Microsoft among this quarter's winners
The S&P 500 is currently down 0.7%. The market is seeing limited reaction following a report that President Trump will soon announce 90 day deferral of select tariff payments.It's been a brutal quarter for the market with the S&P 500 down 19.3%, but shares of Amazon (AMZN 1972.14, +8.48, +0.4%) are actually up 7.0% in the first quarter. Microsoft (MSFT 160.21, -0.01, unch) is up 1.7% in the same span, suggesting that the market's favorite names remained heavy favorites during the downturn. These businesses are also not as affected as others during the current macro environment, as consumers continue to shift online for purchases and use software for their business needs.