[mercury888]

Why?

[hyperbovine]

Because they didn't make any money according to their earnings report. Then their stock takes a dive, then the bulls jump in, the stock recovers, and we all go on our merry way. Rinse, wash and repeat once per quarter.

[industrialwaste]

According to this news article, it's because they reported solid revenues but weak earnings on their quarterly report.

http://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgra...

[acchow]

S&P 500 and Dow each down almost 1% today. A down day, but high tech got hit hard:

Facebook down 5%

Twitter down 7%

Tableau down 6.5%

Yelp down 7.5%

Reported earnings haven't been great, and the stocks are tumbling down in reaction to the reports (or in preparation for upcoming reports).

[hatred]

Fb would be a notable exception to this theory though.

[colanderman]

http://www.valuewalk.com/2014/04/amazon-com-inc-amzn-downgra...