Shares of Amazon fell on Friday after announcing plans to spend $200 billion this year, with a focus on Amazon Web Services. Investor concerns about the massive spending plan led to a market value decline. Single-stock ETFs like the Direxion Daily AMZN Bull 2x Shares ETF dropped 14% due to Amazon’s 7% decrease. Leveraged ETFs are intended for daily performance, not long-term holding. Investors can use the pullback to buy Amazon stock, while active traders may consider the Direxion ETF for short-term gains. Stock Advisor suggests 10 other stocks for long-term growth.

Read more at Nasdaq: Why This Amazon ETF Plunged Last Friday