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Benzinga
Benzinga
Business
Melanie Schaffer

Amazon Stock Pulls Back With S&P 500: Here's What To Watch

Amazon Nasdaq

Amazon.com, Inc (NASDAQ:AMZN) was trading about 1.7% lower in the premarket Friday, in sympathy with the S&P 500, which was falling 0.8%

The e-commerce and streaming giant is facing a 900-million-pound ($1.01 billion) U.K. antitrust class action lawsuit for allegedly using an algorithm that favors products sold directly by Amazon or by third-party retailers who pay large fees to Amazon.

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