"Amazon's Late Fall Intensifies Market Correction: Dow Jones Futures"
Originally Published 2 years ago — by Investor's Business Daily
The stock market correction intensified as the Nasdaq composite fell below its 200-day moving average, with tech giants like Meta Platforms, Google, Apple, Nvidia, and Amazon leading the decline. Amazon reported better-than-expected earnings and sales, but its Q4 revenue guidance was slightly below expectations. The market bounce was short-lived, and investors should be patient and wait for clear signs of market strength before making any moves. Many leading stocks are heavily damaged and may take time to repair. Investors should focus on stocks holding key levels and with strong relative strength lines.
