Shares of Internet retailers Amazon.com and eBay advanced on Cyber Monday, when millions of Americans are expected to shop online.
More than 131 million people in the U.S. are projected to take advantage of Cyber Monday deals as the annual event continues to gain popularity, according to a survey by the National Retail Federation.
Online consumer retailer eBay rose more than 3 percent in premarket trade.
Amazon gained 1.0 percent as Cyber Monday combined with the Internet company’s announcement that it will test the use of drones for rapid delivery of its orders.
Goldman Sachs raised its price target for Amazon to $450 a share from $400.