Why Amazon Stock Fell 9% In A Day?

Amazon’s stock (NASDAQ: AMZN) dropped 8.8% on 2nd August, as compared to a 1.8% decrease in the S&P 500 index. In sharp contrast, Amazon’s peer Microsoft (NASDAQ: MSFT) was down 2% on that same day. The AMZN stock price fell after the company announced second-quar