Rare event could send Amazon stock surging after big drop
Here's what could happen to Amazon shares next.
The S&P 500 is mired in a sharp sell-off that's raising eyebrows, particularly among shareholders of hard-hit technology stocks.
So far, the S&P 500 is down about 8% from its all-time high on February 20, while the tech-heavy Nasdaq 100 has retreated 12%.
It's been even worse for big tech stocks, including the so-called magnificent seven. Roundhill's Magnificent Seven ETF (MAGS) is down 18% from its January peak, and Amazon shares have lost 20% of their value since early February.
