Amazon on track to snap longest stock-market losing streak in three years

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Shares of Amazon.com Inc. AMZN, +1.88% bounced 1.1% in premarket trading Friday, which for now puts them on track to snap a seven-session losing streak, which was the longest since it fell for eight-straight days through Aug. 5, 2019. the bounce comes as futures NQ00, +1.35% for the technology-heavy Nasdaq 100 NDX, +1.56% rose 0.6% and futures ES00, +1.21% for the S&P 500 SPX, +1.36% gained 0.6%. The ecommerce giant’s stock had plunged 25.95% over the past seven sessions, the worst seven-day performance since it plummeted 26.04% over the seven-day stretch that ended Nov. 19, 2008. Meanwhile, keep in mind that over the past four days, the stock rose at least 1% in early intraday trading, before reversing course to lose ground.

This article was originally published by Marketwatch.com. Read the original article here.

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