Amazon shares (NASD:AMZN) have beaten retiring boss Jeff Bezos into earth orbit. Reasons why? DoD canceled the huge JEDI contract Amazon had lost to Microsoft.
Monday's late tech slaughter continued Tuesday. Tech stocks cratered, causing much of the market to tank along with them.
Mr Market cowered behind the woodshed Tuesday morning, as the street's big bad bears administered a seemingly nonstop beating.
Monday's big story was the confirmation by Verizon (NYSE:VZ) that it decided to sell its boat-anchor investments in Yahoo and AOL.
For those overweight in tech heavy NASDAQ shares, Tuesday began, like Monday, as yet another adventure in investing Hell.