S&P 500 Gains & Losses Today: Amazon Stock Drops; Monolithic Power Surges
1. Amazon shares fell 8.3% despite beating revenue and net income estimates. 2. Jefferies noted disappointing growth in AWS compared to Microsoft Azure. 3. Pressure on the labor market could prompt the Federal Reserve to lower interest rates. 4. The S&P 500 fell 1.6%, marking its fourth consecutive down day. 5. Broader market decline alongside Amazon's stock drop reflects overall economic sentiment.