Kaan
Investors watch earnings from Amazon and its large-cap tech peers closely, in part because of the outsize influence that their performance has on major indexes. Amazon alone accounts for 4.1% of the market value of the S&P 500, FactSet data show. The S&P 500 fell 3.6% Friday amid a decline from Amazon and other technology stocks.
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The drop wiped out roughly $206 billion of Amazon’s nearly $1.5 trillion market capitalization.
U.S. technology companies are navigating a
NEWSLETTER SIGN-UP
The 10-Point.
A personal, guided tour to the best scoops and stories every day in The Wall Street Journal.
Preview
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The drop wiped out roughly $206 billion of Amazon’s nearly $1.5 trillion market capitalization.
U.S. technology companies are navigating a
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.