Amazon.com Inc. (NASDAQ: AMZN) is the everything e-commerce behemoth and one of the world’s largest companies by market capitalisation. It generates sales from its namesake e-commerce platform, its AWS web server business and countless other complementary services, such as Amazon Prime. The company started from humble beginnings in the late ’90s by Founder Jeff Bezos selling books online. In 1997, Amazon served 1.5 million customers. Today, Amazon serves hundreds of millions of customers through its global e-commerce stores, millions via its AWS cloud server business and touches many more with its technology (e.g. Prime Video, Echo, Kindle).
US markets commenced the week strongly, led by gains in the technology sector, which finished 1.4% higher on Monday.
A spike in inflation sent US stock markets lower overnight, the Dow Jones losing 2.0% while the Nasdaq suffered a 2.7% fall.
US stock markets fell overnight, the tech-heavy Nasdaq suffering a steep 2.6% fall. Trade Desk (NASDAQ:TTD) stock tumbled 26%.
The tech sell-off continued in the US share market overnight, sending the Nasdaq down nearly 2%. Here’s what you need to know.
US stock markets started the week mixed, with the Dow Jones rising 200 points but Nasdaq falling. Here’s your daily US stock market report.
US stock markets struggled closing out the week, the Dow Jones falling 0.5%, S&P 500 0.7% and the Nasdaq the hardest hit, down nearly 1.0%.
US markets are in the thick of reporting season, with Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) stock responding to earnings overnight.
The Nasdaq finished 0.3% lower overnight while the S&P 500 and Dow Jones finished flat. GE (NYSE:GE) and 3M (NYSE:MMM) stock are in the news.
The S&P 500 and Nasdaq both reached new all-time highs overnight. Tesla (NASDAQ:TSLA) stock is in the news after reporting quarterly results.
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