Charlie O'Shea, Moody's lead retail analyst, said the deal could be "transformative, not just for food retail, but for retail in general".
"Obviously the big news today is the Amazon announcement of the purchase of Whole Foods which is having effects on various sectors of the market", said David Levy portfolio manager at Republic Wealth Advisors.
The deal values Whole Foods at US$42 per share. Other retail and food distribution-related stocks in the U.S. and Europe, including Wal-Mart and Target, followed suit.
Investors are likely anxious that Amazon, once entrenched in the physical grocery store business, will ruthlessly cut prices for food products like it did with books.
With Whole Foods, Amazon gets an established business that it can transform through its technology and supply network expertise.
Consumers could also see more Whole Foods stores thanks to Amazon's financial might. The stock prices for a number of grocery companies - including Ahold Delhaize, which owns Stop & Shop, Peapod and Hannaford - have gone tumbling. Target and Walmart were each down 5 percent.
Scalise doctor hopes for 'excellent recovery' despite risk
When he arrived at the hospital, however, he was in a state of shock. "I was surprised by some of the reports also", Sava said. A single rifle wound caused "substantial damage" to Scalise's internal organs and blood loss, his doctor explained Friday.
The Whole Foods deal represents less than 10 percent of Instacart's revenue, and that percentage has been declining as the delivery service has announced expanded partnerships with major grocery chains, most recently including Publix, Ahold-Delhaize and Wegmans.
Activist hedge fund Jana, led by Barry Rosenstein, disclosed a almost nine per cent stake in Whole Foods in April. Merger mania has produced plenty of deals over the last few decades that haven't unlocked any value for corporate shareholders or strengthened the US economy. Earlier this week rumors were swelling that Amazon had its sights on acquiring messaging technology company Slack, turns out it was Whole Foods that would be first. Gartner retail analyst Robert Hetu said Amazon could bring pieces of that to Whole Foods to further cut costs.
"It's convenience, right? We all live a busy, hectic life", Bradford said.
"This deal should leave no doubt that Amazon is deadly serious about dominating all aspects of retail", Paul Cuatrecasas, chief executive of Aquaa Partners, a London-based investment banking firm, said in an email.
Trump confirms he is being investigated over Comey firing
But soon after the abrupt termination, Trump told NBC News that he had been going to fire Comey regardless of any recommendations. A close Trump associate said this week the president was considering firing Mueller, although the White House later denied it.
US Open at a glance
On the 12th tee, they told him he might be penalized and he played the final seven holes not knowing how big his lead was. He set the target early under warm sunshine, and even as the wind tapered in the afternoon, no one could catch him.
Lyon closing in on Chelsea forward Traore
Lyon president Jean-Michel Aulas has confirmed that he is confident of sealing a deal for Chelsea striker Bertrand Traore . The 21-year-old scored 14 goals and the Dutch were among a host of clubs keen to take him on a permanent deal.