$CVX and $AMZN were the only two Dow stocks in red today. Amazon no longer magnificent after earnings last week? $MAGS ETF still gained more than 2% though. $NVDA was best performer in the Dow. $MSFT rallied too.
$AMZN -10% last two sessions. But that's not abnormal. https://t.co/4kz5x0NDeZ
$AMZN $BRKB $XOM the big-cap losers today https://t.co/XRzNiV9EVS
Amazon.com Inc. ($AMZN) has underperformed among the so-called Magnificent 7 tech stocks, trading in the red while its peers rallied. Despite a strong start in premarket trading, Amazon shares declined, marking a roughly 10% drop over the last two sessions. This contrasts with other major Dow components like Nvidia ($NVDA) and Microsoft ($MSFT), which posted gains, while Chevron ($CVX) was also in the red alongside Amazon. The broader market saw the $MAGS ETF rise more than 2% on the day. Commentary from LVMH's CEO highlighted the competitive challenges Amazon faces in experiential retail, citing Sephora's unique shopping experience as an advantage Amazon cannot replicate. Amazon's recent earnings report appears to have dampened investor enthusiasm, contributing to its relative weakness compared to other large-cap stocks such as Berkshire Hathaway ($BRKB) and ExxonMobil ($XOM), which were also among the day's biggest losers.
