Amazon, Google close out their worst months on Wall Street since 2008

Amazon, Google close out their worst months on Wall Street since 2008

Getty Images; Chris Ratcliff | Bloomberg | Getty Images

Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis.

The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers during the pandemic.

Amazon tumbled 23.8% in April, its biggest decline since falling 25.4% in November 2008, the same month…


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