Stocks retreat as Amazon fuels tech concerns: markets are closing
(Bloomberg) – U. S. stocks fell at the end of a week of big gains as investors were worried about slowing the expansion of megacap generation corporations that helped the market succeed at record levels of the pandemic. Amazon. com Inc. fell 7. 6% in its biggest drop since May 2020, contributing most to the declines in the Nasdaq hundred and S indices.
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