amazon stock – pressnews

[ad_1] Amazon.com closed below the $1 trillion mark in market value for the first time since the early days of the Covid-19 pandemic . 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. The stock fell 5.5% to end at $96.79, representing a market capitalization of $987.4 billion. Shares closed at their lowest level since April 2020, and have dropped 42% this year. At its Nov. 18 peak, Amazon boasted a market cap of nearly $1.9 trillion. It was the fifth straight negative session for Amazon -- down about 20% over the period. Meanwhile, the Nasdaq 100 Index fell 1% on Tuesday. Recent weakness was spurred by the Sea...

[ad_1] Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory. The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis. Now, these companies are slated to report quarterly results this week with projections showing a profit decline by th...

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Amazon Closes Below $1 Trillion in Market Value for First Time Since 2020

Alphabet, Microsoft Lead Bear-Market Earnings Season