Amazon is climbing after it says it's buying Whole Foods

Amazon is taking on the grocery business, and Wall Street loves it.

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Shares of the e-commerce giant bumped up 3.23% to just below $1,000 after it announced it was buying Whole Foods for $13.7 billion

Whole Foods jumped about 27.5% to match Amazon's offer of $42 a share.

Wall Street also sees bad times ahead for Whole Foods competitors. Grocery stores are getting clobbered on Friday morning.

Elsewhere, Walmart announced it would be buying Bonobos on Friday, news that was overshadowed by the Amazon deal. Investors were less bullish on Walmart, as shares were down 6.08%. It's possible that at least some of the selling was a result of the Amazon deal.  

Click here to watch Amazon's stock price in real time ...

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Amazon Whole Foods Acquisition
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