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Why Amazon Stock Slumped Today

TheMotleyFool

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Although it wasn't exactly a steep decline, Amazon's (NASDAQ: AMZN) stock took a bit of a fall on Thursday. The retailing giant's shares declined to close the day 0.6% lower, while the S&P 500 index as a whole rose by 0.4%. The drop was linked to potential new struggles in labor relations.

On Thursday, Reuters reported that the Securities and Exchange Commission (SEC) rejected an Amazon request to scotch a proposed shareholder vote on an audit of working conditions at its facilities. That proposal was put forward by a man named Thomas Dadashi Tazehozi.

A worker in an Amazon warehouse. Image source: Amazon.

Source Fool.com

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