Why Amazon, Etsy, and Carvana Stocks Dropped Today
Tuesday is looking more like "Lose Day" for investors in e-commerce stocks, as a chorus of downbeat analyst notes sink the sector, and send shares of e-commerce kingpin Amazon.com (NASDAQ: AMZN), online artisan marketplace Etsy (NASDAQ: ETSY), and online used car retailer Carvana (NYSE: CVNA) tumbling.
As of 12:30 p.m. ET, Amazon stock has lost 4.4%, Etsy is down 6%, and Carvana is leading the whole e-commerce sector lower with a 13.9% loss.
What's Wall Street saying to spook the market today? Let's take these one at a time.
Source Fool.com
