Amazon.com Inc. stock falls Friday, still outperforms market – MarketWatch

Amazon.com Inc. stock falls Friday, still outperforms market – MarketWatch

Shares of Amazon.com Inc. AMZN, -2.41% slumped 0.88% to $2,910.49 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.81% falling 1.30% to 4,204.31 and Dow Jones Industrial Average DJIA, -0.06% falling 0.69% to 32,944.19. The stock’s fall snapped a two-day winning streak. Amazon.com Inc. closed $862.59 short of its 52-week high ($3,773.08), which the company reached on July 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as eBay Inc. EBAY, +4.45% fell 4.39% to $50.06, Alphabet Inc. Cl A GOOGL, -3.14% fell 1.93% to $2,597.41, and Walmart Inc. WMT, +1.44% fell 0.39% to $142.07. Trading volume (3.4 M) remained 576,032 below its 50-day average volume of 4.0 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Federal Reserve Chair Jerome Powell is returning to the spotlight this week, with investors anticipating he will begin raising interest rates from near zero to cool inflation being stoked even hotter by Russia’s attack on Ukraine – a step he’d be taking amid heightened market volatility.

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