Shares of Amazon.com Inc. AMZN, -2.18% shed 2.18% to $123.53 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -0.72% falling 0.72% to 3,873.33 and Dow Jones Industrial Average DJIA, -0.45% falling 0.45% to 30,822.42. This was the stock’s second consecutive day of losses. Amazon.com Inc. closed $64.58 short of its 52-week high ($188.11), which the company achieved on November 19th.
The stock underperformed when compared to some of its competitors Friday, as eBay Inc. EBAY, -1.55% fell 1.55% to $42.00, Alphabet Inc. Cl A GOOGL, -0.11% fell 0.11% to $102.80, and Walmart Inc. WMT, -0.21% fell 0.21% to $133.19. Trading volume (114.1 M) eclipsed its 50-day average volume of 56.3 M.
The Fed has no choice but to raise rates higher than the market expects, predicts billionaire investor Ray Dalio. Watch out stock investors.
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