AMZN is trading at $256.33 (-3.22%) as tech stocks sell off amid broader market weakness and macro pressures.
- The move aligns with a wider decline in major indices, with the S&P 500 down 0.73% and the Nasdaq Composite falling 1.16%.
- Market sentiment is being weighed down by rising bond volatility and pre-earnings caution across the big tech sector.
- No company-specific catalyst was provided for Amazon, suggesting the drop is driven by a shift in risk appetite.