According to foreign media reports,·Amazon stock just closed out its worst week in four years, with shares falling 12% for the week.

    It marks Amazon’s worst one-week performance in four years, since Dec. 21, 2018, when the shares fell 13.4%. The tech-heavy Nasdaq Composite slumped 1.9%, and the S&P 500 declined 1.3%. The Dow Jones Industrial Average slid 1.3%.

    Investors are increasingly nervous the Federal Reserve will have to raise interest rates several times this year to tackle high inflation. Adding to investors’ concerns, Netflix on Thursday reported a disappointing subscriber outlook, which sent its shares plunging almost 22% on Friday.

    About Amazon

    Amazon is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.

    On the ranking of “The 2nd Daguan·Keweiwei World Brand Value Top 900" released on January 13, 2022, Amazon’s brand value was 1858.796 billion RMB, ranking the 2nd.

Author:   Nan

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