
Amazon.com, Inc (NASDAQ:AMZN) and Shopify, Inc (NYSE:SHOP) were trading inverse to each other on Thursday, with Amazon spiking up over 5% and Shopify sliding almost 7%.
The S&P 500 was down about 1.3% after a bullish day on Wednesday where the index rallied 1.3% to close the trading session at 4,277.87.