Amazon On Pace For Worst Day Since March 2020 After Earnings Disappoint

Shares of Amazon dipped more than 7% in early trading Friday after the company on Thursday reported disappointing second-quarter results and gave weak guidance for the current quarter, suggesting recent pandemic-fueled momentum is slowing. The stock is on pace for its worst day since March 12, 2020, when it plunged 7.92%. Amazon warned it expects to see slower growth continue for the next few quarters, as it laps tough year-over-year comparisons to its business during Covid-19 lockdowns. Read more at CNBC.