e-commerce stocks edge lower on Amazon’s earnings crash
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Shares of numerous e-commerce stocks are eroding after hours after Amazonâs surprising earnings miss.

Shares of the Seattle-based behemoth slid about 8% in post-market trading as it reported a net loss driven by its stake in Rivian Automotive and saw a limited benefits from the Prime price hike that was projected to help the consumer business. 

The downside surprise is spreading across the e-commerce sector as Shopify (SHOP), ETSY, Inc. (ETSY), Wayfair (W), eBay (EBAY), and Chewy (CHWY) all fell by 3% or more. The losses in extended hours erase gains marked in Thursdayâs trading that had provided a reprieve from a generally bearish 2022 trend.
Read more on reined in estimates for e-commerce stocks in 2022.