Amazon leads declines in discretionary sector, streaming companies outperform

📆 08/06/2023 02:02:00
📰 Reuters

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Shares in Amazon.com closed down 4.2% on Wednesday, leading declines in the S&P 500 consumer discretionary sector while video streaming companies Warner Bros Discovery and Paramount Global rallied.

The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/report

had stepped down, ended up 8.4% at $13.12 a share. Licht's departure also contributed to its rally. Paramount shares closed up 3.9%. "To me these are desperate moves because that's money out the door to try to keep people on Amazon's platform," Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh, said regarding the report's suggestion that Amazon is adding new video providers for Prime.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

These stocks can play catch-up with megacap tech, lifting the S&P 500: Stifel's BannisterCyclical value stocks such as companies in the financials, industrials and basic materials sectors will play a catch-up to the megacap technology...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »