Shares of Amazon (AMZN) are down by $3.18 at $1,025.52, in late trading, after Reuters’s Diane Bartz and Jeffrey Dastin related after market close that the U.S. Federal Trade Commission is looking into allegations “Amazon misleads customers about its pricing discounts,” citing a single unnamed source.

Bartz and Dastin relate that the FTC received complaints on 1,000 products listed on Amazon by a consumer advocacy group called Consumer Watchdog, claiming "in 61% of products with reference prices, Amazon's reference prices...