Shares of Amazon.com Inc. AMZN, -1.22% shed 1.22% to $3,099.91 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.57% rising 0.57% to 3,276.02 and the Dow Jones Industrial Average DJIA, +0.61% rising 0.62% to 27,005.84. This was the stock’s second consecutive day of losses. Amazon.com Inc. closed $244.38 short of its 52-week high ($3,344.29), which the company reached on July 13th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.43% rose 1.44% to $211.75, Alphabet Inc. Cl A GOOGL, +0.57% rose 0.57% to $1,564.85, and Walmart Inc. WMT, +0.24% rose 0.25% to $132.66. Trading volume (4.0 M) remained 543,798 below its 50-day average volume of 4.5 M.