Amazon is on pace for its worst week in six months

Amazon stock fell on Friday morning as a broader market sell-off pressured technology stocks.

It would be Amazon's worst one-week performance in six months if it stays down more than 8%.

Markets fell Friday as investors worried about higher interest rates and mixed company earnings reports.

The S&P 500 and the tech-laden Nasdaq fell. After falling at the open, the DJIA was up by 0.1%.

The Federal Reserve will have to raise interest rates several times this year to fight high inflation. On Friday, the shares of the company plummeted after it reported disappointing subscriber outlook.

The first major technology stock to post earnings this season is Netflix. Next week, Apple, Microsoft andTesla are expected to report their financial results.

The results for the fourth quarter will be reported by Amazon.

Next week will bring strong earnings and investors need to take a break.