Amazon.com, Inc. AMZN shares are trading lower by 2.34% to $132.19 Thursday morning amid weakness in the Nasdaq-100 QQQ and broader tech sector. Shares of stocks in the broader tech sector are falling after Wednesday's earnings results from Netflix and Tesla.
Netflix shares are trading lower after the company reported mixed second-quarter results and issued soft third-quarter sales guidance. The company also said it expects lower cash content spend in 2023 due to timing of production starts and the ongoing WGA and SAG-AFTRA strikes.
Tesla is meanwhile lower after reporting second-quarter results and a series of analyst rating updates.
See Also: Social Media and 'Buy Now, Pay Later' Trends Influence Amazon's Record-Breaking Prime Day
Amazon shares are also pulling back following last week's strength after the company announced the first day of Prime Day, July 11, was the single largest sales day in company history.
According to data from Benzinga Pro, AMZN has a 52-week high of $146.57 and a 52-week low of $81.43.
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