Visa and Amazon weigh on averages


About half of the price-weighted Dow's (DIA -0.8%) 130 point loss today is the result of Visa's $10.23 decline to $212.48.

The Nasdaq 100 (QQQ -0.6%)? About 95% of its drop this session is due to an 11% dive in Amazon.

The S&P 500 (SPY -0.5%) can thank the two names for about one-third of its decline.

Previously: Lowered price targets and downgrade for Amazon; -9.8% premarket

Previously: Visa slips despite beating headline estimates

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Comments (2)
  • Ricardo Espinosa
    , contributor
    Comments (458) | Send Message
     
    Finally Amazon is being started to be dropped like the expensive stock it is...took years, it was making me think this day would never come.

     

    "The market can stay irreverent longer than you can stay solvent".
    25 Jul 2014, 02:17 PM Reply Like
  • chammond63
    , contributor
    Comments (136) | Send Message
     
    Ricardo, I couldn't agree more. One day, $AMZN will be valued according to cash flow generation and earnings, rather than sales. The sooner, the better
    25 Jul 2014, 04:01 PM Reply Like
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