Bears Grab Ahold of Amazon Stock as Market Falls Into Turmoil: What’s Next?

Bears Grab Ahold of Amazon Stock as Market Falls Into Turmoil: What’s Next?
The Amazon.com logo and stock price information is seen on screens at the Nasdaq Market Site in New York, on Sept. 4, 2018. Mike Segar/Reuters
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Amazon.com Inc. gapped down under a key psychological upper level at the $3,000 mark on Friday morning and then slid about 3 percent lower before bouncing temporarily and dropping toward the low-of-day again.

The tech giant has plummeted almost 10 percent this week and is down more than 21 percent off its all-time high of $3,773.08.