INSUBCONTINENT EXCLUSIVE:
Amazon's gains come after the stock suffered its worst day since March 2020.Amazon.com Inc
is giving the market back what Meta Platforms Inc
gain in after-hours trading following the company's fourth-quarter earnings report holds to Friday's close
That what would be the biggest single-day gain in United States stock market history coming just a day after Facebook parent Meta Platforms
computing business beat Wall Street estimates and the company raised the price of Amazon Prime subscriptions, alleviating some concerns
about the impact of cost increases on profitability
Those elements overshadowed forecasts for sales and operating profit in the current quarter that fell short of expectations.Amazon's gains
come after the stock suffered its worst day since March 2020, as Meta's earnings flop raised fears about Big Tech's financial results
The 7.8% decline in Thursday's regular session wiped out $119 billion in market value for the Seattle-based company.Apple Inc
billion gain for Amazon would be bigger than the market values of more than 90% of the companies in the S-P 500 Index, according to data
compiled by Bloomberg.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a
