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AMZN
Benzinga
145 days

Nasdaq Tumbles 2% Amid Decline In Alphabet, Amazon: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone

1. Market sentiment shows high fear, impacting stock prices negatively. 2. Tech stocks, including AMZN, fell over 2% on Wednesday. 3. Durable goods orders rose 0.9%, indicating some economic resilience. 4. S&P 500 sectors closed mostly lower, with tech and consumer discretionary hit hardest. 5. Fear & Greed Index decreased to 28.6, reflecting cautious investor sentiment.

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FAQ

Why Bearish?

With the Fear & Greed Index in 'Fear', past sell-offs show tech stocks often underperform. The significant drop in AMZN's price aligns with broader market trends, posing a potential downturn.

How important is it?

The current fear in the market significantly influences AMZN’s stock performance, aligning closely with tech sector trends.

Why Short Term?

Current market trends and sentiment typically influence short-term stock movements. Historical data indicates fear-driven sell-offs generally revert within weeks.

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