Amazon market value plunges below $1 trillion for first time since 2020

Amazon.com Inc. shares fell on Tuesday, with the e-commerce and cloud-computing company closing below $1 trillion in market value for the first time since the early days of the Covid-19 pandemic more than two years ago.Shares closed at their lowest level since April 2020, and have dropped 42% this year.It was the fifth straight negative session for Amazon — down about 20% over the period. Meanwhile, the Nasdaq 100 Index fell 1% on Tuesday.the slowest holiday-quarter growth in its history.

Amazon, which had posted record profits during the pandemic, said sales would increase by only 2% to 8% during what has traditionally been its peak season. Amazon, along with most other major technology and internet stocks, has been pressured throughout 2022 by concerns over slowing growth and rising interest rates.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: Tech Weighs on Stocks, Dollar Down Most Since 2020: Markets WrapStocks saw an earlier rally wane, with traders weighing mixed jobs figures and awaiting next week’s inflation data for more clues on when the Federal Reserve would be able slow down its pace of rate hikes.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »