|Bid||217.77 x 500|
|Ask||217.78 x 3600|
|Day's Range||217.30 - 217.84|
|52 Week Range||178.64 - 217.84|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.17%|
After one of his lawyers mistook the name as “Cadaver,” the young CEO filed papers changing it to, you guessed it, Amazon—a name today that strikes fear in the hearts and minds of retailers everywhere, and stops traffic on Wall Street on a day like today when it reports earnings. Jeff Bezos, who currently has a net worth of approximately $90.9 billion (surpassing Bill Gates), came up with a business model so powerful that the largest retailers on the planet seem helpless as Amazon (AMZN) devours nearly everything in its path. In its infancy, the internet was a new communications medium, and Amazon initially was only a threat to book stores.
In the end, the Dow Jones Industrial Average gained 0.4%, the S&P 500 lost 0.1%, the Nasdaq Composite lost 0.6% and the Russell 2000 lost 0.6%. Treasury bonds weakened, the dollar strengthened, gold gained 0.8% and crude oil gained for the fourth consecutive session up 0.6% amid choppy trading. Click to Enlarge Breadth was negative with 1.3 decliners for every advancing issue on heavy volume, with NYSE activity at 115% of the 30-day average.