Amazon Prime Day sales down on first day, pressuring shares

  • Sales during the first four hours of Amazon.com Inc (NASDAQ:AMZN)'sĀ annual Prime Day shopping event dropped nearly 14% from the same period last year, according to a report from retail data firm Momentum Commerce, weighing on the e-commerce giant's shares on Tuesday. Amazon extended this year's event to four days from the usual two, a move that may be dispersing spending over a longer period.