U.S. Markets open in 2 hrs 19 mins
  • S&P Futures

    3,971.25
    +9.25 (+0.23%)
     
  • Dow Futures

    33,891.00
    +34.00 (+0.10%)
     
  • Nasdaq Futures

    11,573.00
    +48.25 (+0.42%)
     
  • Russell 2000 Futures

    1,840.80
    +3.00 (+0.16%)
     
  • Crude Oil

    79.94
    +1.74 (+2.23%)
     
  • Gold

    1,776.20
    +12.50 (+0.71%)
     
  • Silver

    21.77
    +0.34 (+1.58%)
     
  • EUR/USD

    1.0366
    +0.0031 (+0.3006%)
     
  • 10-Yr Bond

    3.7480
    0.0000 (0.00%)
     
  • Vix

    21.99
    -0.22 (-0.99%)
     
  • GBP/USD

    1.2012
    +0.0062 (+0.5201%)
     
  • USD/JPY

    138.5450
    -0.0890 (-0.0642%)
     
  • BTC-USD

    16,882.28
    +381.98 (+2.31%)
     
  • CMC Crypto 200

    400.67
    +11.95 (+3.07%)
     
  • FTSE 100

    7,566.49
    +54.49 (+0.73%)
     
  • Nikkei 225

    27,968.99
    -58.85 (-0.21%)
     

Why Amazon, Carvana, and Skillz Stocks Slumped Tuesday Morning

A broad cross section of stocks stumbled on Tuesday, as market watchers focused on deteriorating macroeconomic conditions and the potential that things could get worse before they get better. E-commerce platform Amazon (NASDAQ: AMZN) stock was down as much as 2.3% on Tuesday morning, mobile games platform Skillz (NYSE: SKLZ) slipped as much as 5.1% and online used car retailer Carvana (NYSE: CVNA) was off by as much as 6.7%. There was very little in the way of company-specific news behind the sell-off, but fears regarding the faltering economy intensified as investors weighed the possibility that they could be facing higher inflation and the potential for a prolonged recession.