Metastock Version 8 Pro5/1/2023 ![]() ![]() “There is obviously a lot happening in the macroeconomic environment, and we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets,” CEO Andy Jassy commented in the firm’s Q3 earnings report. Amazon’s market cap sealed the biggest such post-close drop in history, at over $230 billion. The same was not true of tech stocks - these were led by a dramatic 20% rout in Amazon during out-of-hours trading thanks to missed earnings targets. 27, or 3.8%, after hitting its highest levels in six weeks.Īt the time of writing, Bitcoin was still around $20,200, offering more consolidatory trading behavior than a major correction. The largest cryptocurrency shed around $800 over Oct. Bitcoin hodlers shrug off Q3 tech results Bitcoin ( BTC) is decoupling from big tech as disappointing earnings fail to spark any major BTC price losses.Įconomic data for Q3, 2022, saw heavy losses for some tech stocks, but BTC/USD avoided a chain reaction. ![]()
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