Dow Falls 335 Points; Amazon to Open Retail Store in NYC

The Dow fell a whopping 335 points today, posting its biggest drop since a 354 point slide in June of 2013. The S&P 500 and Nasdaq also fell 2% on the day. All 10 of the S&P 500's industry sectors were down today, with energy stocks being hit particularly hard as crude oil prices continue to fall. Amazon (AMZN) announced today that they are developing plans to open a brick-and-mortar store in NYC just in time for the holidays. Reports state that the store will act as a "mini-warehouse" for product returns, pickups of online orders, and for same-day delivery in NYC.
Amazon would also take advantage of this storefront to show off its own tech products, which include several Kindle e-readers, a TV set-top box, and the Amazon Fire Phone.

Word on the Street

Interesting Tidbits

Published on Oct 9, 2014
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

Posted in ...