Amazon sell-off ends dismal month for US shares

A sell-off in Amazon shares, after the firm reported a fall in online sales, helped drive the Nasdaq index down more than 4% on Friday. The wider S&P 500 logged it largest one-day decline since June 2020. The Dow Jones Industrial Average fell 5% in April and has dropped about 9% since January. On Friday Amazon shares dropped 14%, after it reported sliding online sales and its first quarterly loss since 2015. The European Union said Friday it had seen just 0.2% growth in the first quarter.

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