Online retailers slide on Supreme Court decision - Adviser Investments

Online retailers slide on Supreme Court decision

Chris Hagan, vice president at Adviser Investments, has the market analysis for Thursday, June 21. Major online retailers like Overstock, Wayfair and Amazon were all down following the Supreme Court’s latest tax ruling, which could force retailers to charge sales tax for internet purchases. Auto stocks also sold off due to fears of tariffs on European cars. In other market news, Kroger’s stock was up 10%, thanks largely to strong first-quarter earnings, including a 66% increase in online sales from new offerings like food delivery.

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