Why Amazon Stock Slid Today
Amazon's (NASDAQ: AMZN) stock was falling today on seemingly no company-specific news. Instead, some investors may be pulling back from the stock today after its shares climbed nearly 10% last week, as they assess the risk of a potential economic slowdown. Investors temporarily got excited about some stocks last week, pushing up the Nasdaq Composite by about 7.4%, but that excitement appears to have tapered off today.