Why Amazon Stock Dropped Today

·2 min read
Why Amazon Stock Dropped Today

Shares of Amazon (NASDAQ: AMZN) fell on Tuesday after interest rates rose and an analyst warned that rising labor costs could pressure the e-commerce giant's profits. As of 2:45 p.m. EDT today, Amazon's stock was down 2.5%. Growth stocks like Amazon are valued based upon their expected future earnings and cash flows.

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