SAN FRANCISCO/NEW YORK (Reuters) – Wall St breathed a sigh of relief on Thursday after Amazon.com’s quarterly results beat estimates, sending the online retailer’s stock to a record high and alleviating fears of deepening troubles across the FANG group after Facebook’s results sent its shares reeling. A 19 percent plunge in Facebook shares rattled Amazon.com investors earlier in the day, with traders in Amazon’s options displaying heightened defensiveness ahead of its June-quarter report after the bell. Facebook late on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb. …read more
Source:: Yahoo Finance
