Stock Market Today, Feb. 5: Amazon Shares Drop on Tech Sell-Off Ahead of Earnings and AWS Growth Outlook

Amazon (NASDAQ:AMZN), global e-commerce leader and cloud provider, closed Thursday at $222.69, down 4.42%. The stock declined during the regular session as investors reacted to a broader tech and AI sell-off. Investors were waiting for details on AWS cloud growth, AI capex, and guidance.Trading volume reached 87.3 million shares, coming in about 110% above its three-month average of 41.5 million shares. Amazon IPO'd in 1997 and has grown 227,327% since going public.The S&P 500 (SNPINDEX:^GSPC) fell 1.20% to 6,800, while the Nasdaq Composite (NASDAQINDEX:^IXIC) lost 1.59% to finish at 22,541. Within e-commerce and cloud computing, industry peers Alibaba Group (NYSE:BABA) closed at $157.76 (-0.87%) and Walmart (NASDAQ:WMT) finished at $126.94 (-0.83%), underscoring broader pressure on large retail and platform names.Today’s sell-off continued after hours, when Amazon reported mixed results. Earnings slightly disappointed, but revenue of $213.4 billion exceeded expectations. AWS cloud service revenue rose 24% year over year, beating estimates. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool