Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

S&P ends modestly lower as rising Treasury yields offset robust retail data

09/16/2021 | 08:26pm EDT
FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.

The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.

Amazon.com Inc, buoyed by solid online sales in the Commerce Department's report, helped push the Nasdaq into positive territory.

"Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.

"It's a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns," Detrick added.

Economically sensitive transports and microchips were among the outperformers.

Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.

"Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow," Detrick said.

The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.

Eight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.

The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.

Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.

Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.

Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.

The S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.

Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.

(Reporting by Stephen Culp; Additional reporting by Ambar Warrick in Bengaluru; Editing by Richard Chang)

By Stephen Culp


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.90% 3335.55 Delayed Quote.5.47%
DJ INDUSTRIAL 0.21% 35677.02 Delayed Quote.16.33%
ETSY, INC. 2.24% 241.27 Delayed Quote.35.61%
All news about AMAZON.COM, INC.
10/22WALL ST WEEK AHEAD : Tech giants' earnings may be another test for markets at new highs
RE
10/22Dow posts record closing high, stocks gain for 3rd week; dollar dips
RE
10/22US Stocks Mixed Friday as Dow Sets Record Behind AmEx While Intel, Snap Hurt Nasdaq
MT
10/22CLOSE UPDATE : US Stocks Mixed Friday as Dow Sets Record Amid AmEx Gain While Intel, Snap ..
MT
10/22US Stocks Mixed Friday as Dow Sets Record Buoyed by AmEx While Intel, Snap Drag Nasdaq ..
MT
10/22AMAZON COM : Labour union urges European authorities to widen Amazon antitrust probe after..
RE
10/22AMAZON COM : Credit Suisse Lowers Amazon.com's PT to $4,200 from $4,700 Ahead of Q3 Result..
MT
10/22Exclusive-Italy woos Intel over multibillion-euro chip plant -sources
RE
10/22AMAZON COM : Seattle's Climate Pledge Arena makes history
PU
10/22AMAZON COM INC : Credit Suisse keeps its Buy rating
MD
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 005 M - -
Net cash 2021 57 270 M - -
P/E ratio 2021 63,8x
Yield 2021 -
Capitalization 1 689 B 1 689 B -
EV / Sales 2021 3,43x
EV / Sales 2022 2,83x
Nbr of Employees 1 298 000
Free-Float 82,5%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Last Close Price 3 335,55 $
Average target price 4 178,90 $
Spread / Average Target 25,3%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.5.47%1 689 258
JD.COM, INC.-5.49%128 938
ETSY, INC.35.61%30 539
WAYFAIR INC.4.72%24 569
ALLEGRO.EU SA-40.55%13 048
MOMO.COM INC.270.93%11 677