Why Amazon.com Is Falling Today

Shares of Amazon.com (NASDAQ: AMZN) continued to fall on Monday as fears of a consumer retreat grew. The e-commerce giant's stock was down 3.2% at 12:03 p.m. ET, and was down 10% overall for the month to date.

The Federal Reserve hiked interest its benchmark interest rate by 0.5 percentage points last week, and it's expected to do so again following its next two monthly meetings in June and July as it attempts to tame inflation.

Image source: Amazon.com.

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Source Fool.com