AmazonStocks fell on Friday, taking it below 8% for the week. This was due to a wider market sell-off that impacted technology stocks.

Amazon would suffer its worst week in six years if shares are down by more than 8 percent.

Friday saw markets drop as investors grapple with higher interest rates, mixed company earnings reports and the potential for market crashes.

The tech-heavy Nasdaq Composite slumped 0.5%, and the S&P 500 declined 0.1%. Following a 0.5% drop at the open, Dow Jones Industrial Average showed 0.1% growth.

Investors worry that the Federal Reserve may raise interest rates multiple times in this year’s attempt to combat high inflation. Investors are also worried about the Federal Reserve raising interest rates several times this year to combat high inflation. NetflixThe Thursday report showed a disappointing outlook for subscribers, sent its shares plunging 24%On Friday.

Netflix was the first technology company to report earnings for this season. Apple, Microsoft TeslaNext week, they are expected to release financial results.

Amazon will report its fourth quarter results on February 3.

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