Shares of Amazon.com Inc.
AMZN,
bounced 1.1% in premarket trading Friday, which for now puts them on track to snap a seven-session losing streak, which was the longest since it fell for eight-straight days through Aug. 5, 2019. the bounce comes as futures
NQ00,
for the technology-heavy Nasdaq 100
NDX,
rose 0.6% and futures
ES00,
for the S&P 500
SPX,
gained 0.6%. The ecommerce giant’s stock had plunged 25.95% over the past seven sessions, the worst seven-day performance since it plummeted 26.04% over the seven-day stretch that ended Nov. 19, 2008. Meanwhile, keep in mind that over the past four days, the stock rose at least 1% in early intraday trading, before reversing course to lose ground.
