The share price of Amazon continued its downward spiral this morning
Investor were dumping Amazon's stock this morning for several reason.
Fear of an upcoming interest rate hike by federal Reserve
The Negative sentiments towards the stock company recently quaterly results.
The Stock was down by as much as 4.8% this morning and fallen 1.9%
Investor were already sour mood over the past couple of trading days.
The Rising cost due to supply chain issues, inflation and the company increase wages to attract workers.
Management issued disappointing second quater guidance to it have potential $1 Billion loss.
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