AMAZON Turns Negative for 2021… Inc. shares fell sharply on Monday, with the e‑commerce giant falling back into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations.

The stock fell 2.9% in its sixth straight daily decline, the longest such streak since an eight-day drop that ended in August 2019. With the drop, the stock is now down 2.1% for 2021, making it the only one of Wall Street’s five largest names to be negative for the year.

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The day’s weakness was widespread, as the rise in Treasury yields also pushed investors out of tech and other high-growth areas of the market.


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