Here's Why Amazon Stock Retreated Today

Shares of Amazon (NASDAQ: AMZN) were falling today as investors responded to the disappointing financial results from Abercrombie & Fitch. Investors were concerned that some of the problems Abercrombie faced in its first quarter could be widespread across the entire retail sector. 

Amazon's stock was down 3.6% as of 3:01 p.m. ET. 

Abercrombie reported an unexpected loss in its first quarter and cut its sales outlook for the full year. Management placed the blame on rising costs for products and freight shipping. 

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Source Fool.com