
Amazon.com, Inc (NASDAQ:AMZN) gapped down 5.89% on Thursday and slid an additional 1.3% intraday after Meta Platforms, Inc (NASDAQ:FB) spooked the market with a fourth-quarter earnings miss and plummeted over 20%.
Amazon will be the last of the big FAANG stocks to print its earnings when it reports after the bell on Thursday and traders and investors may be worried a bearish reaction to the tech giant’s results could throw not only Amazon but the general markets into turmoil.