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Amazon.com Inc. (Nasdaq: AMZN) stock has had a dismal 2014, down 24.1%. Now, AMZN isn't just hurting shareholders, it's also weighing heavily on some tech ETFs.
While AMZN has been falling all year, the Dow Jones Industrial Average is up 4.7%. The Nasdaq and S&P 500 are up 10.8% and 8.9% in 2014.
As AMZN continues its 2014 slide, investors can avoid the tech ETFs that invest heavily in the e-commerce giant. In fact, there's a competitor to Amazon that's boosting tech ETFs now.