“Amazon.com Plunge Hits Nasdaq Harder As Stock Market Drops…”
July 30, 2021
“The stock market was off its opening lows Friday morning as the Nasdaq composite took the hardest hit from weakness in Amazon.com (AMZN) in particular.Volume 0%
Amazon.com slid nearly 7% after the company reported second-quarter sales that missed views and gave a disappointing forecast for the third quarter. The stock, which is a sizable piece of the Nasdaq and S&P 500, gapped below its 50-day moving average in heavy volume but held above the 200-day average.
The Nasdaq gapped down at the open and trimmed its loss to 0.6%. The S&P 500 lost 0.4% as it also pared losses…”