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Amazon jitters offset upbeat jobs data on Wall Street

Updated : February 02, 2019 06:26 AM IST

The online retail heavyweight slumped 5.38 percent after its quarterly sales forecast fell short of Wall Street estimates, overshadowing its record sales and profit during the holiday season.
Those results put the Nasdaq in negative territory, while retailers Walmart Inc, Macy's Inc and Kohl's Corp each dropped more than 2 percent. The S&P consumer discretionary index fell 1.77 percent.
Even as the US economy remains on a stable footing, investors are concerned that a slowdown overseas could hurt profit growth, with high-profile companies such as Apple Inc warning of slower demand in China.
Amazon jitters offset upbeat jobs data on Wall Street

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