Shares of Amazon.com Inc. AMZN, -1.65% shed 1.65% to $3,125.98 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.97% falling 0.97% to 4,532.76 and Dow Jones Industrial Average DJIA, -0.96% falling 0.96% to 35,028.65. This was the stock’s second consecutive day of losses. Amazon.com Inc. closed $647.10 below its 52-week high ($3,773.08), which the company reached on July 13th.
The stock underperformed when compared to some of its competitors Wednesday, as eBay Inc. EBAY, +1.10% rose 1.10% to $62.29, Alphabet Inc. Cl A GOOGL, -0.65% fell 0.65% to $2,702.33, and Walmart Inc. WMT, +1.00% rose 1.00% to $143.94. Trading volume (2.6 M) remained 452,200 below its 50-day average volume of 3.1 M.