Alcoa slumps after a 20% drop in quarterly revenue; Netflix and Procter & Gamble report quarterly earnings Thursday. Read More...
Motley Fool
Why Amazon Stock Stumbled Today
It was a fairly eventful Hump Day for Amazon (NASDAQ: AMZN), and by the end of it the company’s stock price had slumped by 0.6%. On one hand, investors were cheered by news that the giant retailer is making good on its promise to save costs — albeit in the form of job cuts. Reuters reported Wednesday morning that Amazon will enact job cuts to its workforce in the U.S., Canada, and Costa Rica by the end of the day.
