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Amazon's stock drops toward longest losing streak in more than two years

Published Oct 04 2021 at 5:34 PM GMT
Key
Points
  • Shares of Amazon com Inc slid 2 9% toward a sixth straight loss in afternoon trading Monday, as part of a broad stock market selloff in which technology sector was the hardest hit.
  • The e-commerce and cloud behemoth's stock is on track to suffer the longest losing streak since the eight-day stretch ended Aug.
  • 5, 2019, according to Dow Jones Market Data.
  • The stock, which is headed for a six-week low, has now tumbled 14.5% since closing at a record $3,731.
  • 41 on July 8 The selloff comes as the S&P 500 slumped 1 5% and the SPDR Consumer Discretionary Select Sector ETF shed 2 8%.




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  • Published Oct 4, 2021 5:34 PM GMT