Amazon Deepens Gloom for Battered E-Commerce Stocks
- The stocks have been among the weakest performers this year
- Etsy, Shopify and Wayfair report quarterly earnings this week
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The historic rout in Amazon.com Inc.’s shares last week highlights how difficult the environment has become for e-commerce stocks after their pandemic-driven boom, with investors set for another roller coaster in coming days.
Etsy Inc., Wayfair Inc. and Shopify Inc. are hurtling toward earnings reports this week in the shadow of Amazon’s worst selloff since 2006. The tech giant triggered the rout with a weaker-than-expected revenue forecast, adding to evidence of slowing e-commerce growth.