Stocks Of Major US Retailers Fall While Amazon.com Soars

Shares of stocks of leading US retailers have fallen significantly after reports of weak sales in April 2016. Macy’s shares dropped 15 percent after the retailer posted poor results for its April quarter, dragging down with it many of the major retailers, including Target, Kohl, and Walmart. Retailers saw their shares fall much steeper than the 1.2 percent fall in the Dow Jones Industrial Average, and in contrast to online retailer Amazon.com’s 1.5 percent jump. Data from market research firm eMarketer revealed Amazon’s e-commerce revenue grew 15.8 percent in the last 12 months to $82.7 billion.