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The e-commerce giant had the worst day since July 26, 2006, when it fell 21.82%.
FOX Business host provides insight on the volatile stock market on "Making Money."
Excerpt from White House statement:
“President Biden and this Administration are committed to protecting American consumers from the impacts of Russia’s unprovoked attack against Ukraine,” said EPA Administrator Michael S. Regan. “Putin’s war has had a profound impact on global and domestic energy markets. In consultation with Secretary Granholm, I have concluded that it is necessary to take action to allow E15 sales during the summer driving season in order to minimize and prevent disruption of summertime fuel supply to consumers.”
Storch Advisors CEO and former Toys 'R' Us CEO Gerald Storch says that Americans fear recession as prices are rising faster than consumer incomes.
On pace for largest percent decrease since October 26, 2011, when it fell 12.66% - per Dow Jones Market Data Group.
Amazon reported a loss of $3.84 billion, or $7.56 a share. A year ago, it reported a profit of $8.1B.
The average price for a gallon of gasoline in the U.S. rose on Friday to $4.159, according to the latest numbers from AAA. The price on Thursday was $4.141. The record high was $4.33, set on Friday March 11, 2022.
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