(as of 7:15 AM PST)
Large cap stock giant Amazon disappointed investors with a terrible earnings report that sent its stock down 11% in aftermarket trading. This morning the stock opened down about 8% which is having a chilling impact on what has been a hot market this week. An Ebola scare in Manhattan is also adding to a build of negative momentum which seems to be taking hold of the market. While there was also a lot of good news in terms of earnings announcements one gets the feeling that today will be a day of profit taking and consolidation. Gold is up slightly while oil continues to plummet, approaching $80 per barrel, after being over $100 just a few weeks ago.
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