
Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 7.63% at $2,326.37 in sympathy with e-Commerce peers Etsy Inc (NASDAQ:ETSY) and eBay Inc (NASDAQ:EBAY), which issued soft guidance.
Amazon is also down amid market weakness following Wednesday’s rate hike announcement. The Federal Reserve Wednesday announced it would raise the key interest rate by 50 basis points.