Rare event could send Amazon stock surging after big drop

The S&P 500 is mired in a moving promote-off that is raising eyebrows, in particular amongst shareholders of laborious-hit know-how stocks.

To this level, the S&P 500 is down about 8% from its all-time excessive on February 20, whereas the tech-heavy Nasdaq 100 has retreated 12%.

Or now no longer it has been even worse for gargantuan tech stocks, in conjunction with the so-called horny seven. Roundhill's Magnificent Seven ETF (MAGS) is down 18% from its January high, and Amazon shares personal lost 20% of their rate since early February.

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