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Amazon (AMZN) stock plummeted in morning trading in the stock market today, a day after the e-commerce leader issued Q2 earnings that missed analyst forecasts by 12 cents on rising marketing, fulfillment, technology and other costs. Amazon’s revenue met views, but its Q3 outlook called for escalating losses and missed Wall Street views. At least five investment banks downgraded their ratings on Amazon stock, while at least five lowered their price Scalper1 News
Scalper1 News