The Traderszone Network

Published in TZ Latest News 24 July, 2015 by The TZ Newswire Staff

Wall Street slumps amid economic woes

Amazon.com (AMZN.O) shares jumped as much as 20.4 percent to a record of $580.57 after the online retailer posted an unexpected quarterly profit. The jump catapulted Amazon’s market value to about $270 billion, overtaking Wal-Mart (WMT.N). The three major indexes were poised to end the week in the red as Biogen’s (BIIB.O) 19 percent slump weighed the most on the Nasdaq and the S&P 500 and dragged down other health stocks.