NEW YORK, June 28, 2026, 11:02 (EDT)
- There’s no U.S. stock trading Sunday. Nasdaq says July 3 will also be closed for Independence Day observed.
- Amazon finished Friday at $232.69, gaining 2.5% on the day. Shares, though, ended down 4.8% from June 18. Friday’s volume was nearly five times the 65-day average.
- U.S. Prime Day online sales hit $26.4 billion, rising 9.3%, but average order value dropped to $47.66. AWS will hike certain AI capacity-reservation prices by roughly 20% starting in July.
Amazon.com, Inc. NASDAQ:AMZN heads into the holiday-shortened week with mixed price signals. Prime Day numbers say shoppers will pay up when products are discounted. At the same time, Amazon Web Services managed to raise prices for hard-to-find AI compute.
AMZN finished Friday at $232.69, rising 2.5% for the session. That capped a five-session run starting after the June 18 close, as Nasdaq closed for Juneteenth on June 19. Over those five sessions, AMZN fell 4.8%, lining up with the Nasdaq Composite’s 4.6% weekly drop. Volume jumped — 248.4 million shares traded Friday, well above the 65-day average of 49.7 million.
Heavy trading came after a mixed Prime Day update. U.S. shoppers online spent more than $26.4 billion between June 23 and June 26, according to Adobe Analytics numbers cited by Reuters. That’s a 9.3% bump over last year. Numerator, which tracked over 178,000 Prime Day orders, said average order size was $47.66, down from $53.34.
The 10.6% drop in order size stands out for investors tracking retail. It suggests shoppers are chasing more deals rather than buying bigger baskets. Sonia Lapinsky, managing director of retail at AlixPartners, called it a “fatigued consumer.” Reuters
CFRA Research’s Arun Sundaram said tax refunds “could have provided a sizable tailwind” for discretionary categories. IRS numbers Reuters cited showed average refunds were up 11.1% to $3,462 in 2026. That boost isn’t coming for fall retail. Reuters
AWS has signaled more price hikes. According to Business Insider, AWS is set to lift EC2 Capacity Blocks for machine learning rates about 20% in July. That follows a 15% hike in January. The AWS pricing page notes reservation rates change with supply and demand, with the next update planned for July 2026.
Amazon’s Capacity Blocks aren’t broad, but they’re part of the AI budget story around AWS. The service lets AWS customers lock in accelerated compute resources for machine learning, reserving them for start dates in the future. Terms go out to 182 days, and buyers can get up to 64 instances in each capacity block.
AWS could get a pricing boost as tight supplies push up chip and memory costs, according to Peter Berezin, chief economist at BCA Research. “Memory shortages keep the demand for compute above the available supply,” Berezin told Business Insider. That could let big cloud providers pass on some costs. Business Insider
Amazon’s stock managed a bounce Friday but still ended the week lower. AWS sales are up 28% to $37.6 billion in the first quarter, with AWS operating income at $14.2 billion—making up around 59% of Amazon’s total operating income. Trailing-12-month free cash flow is down to $1.2 billion from $25.9 billion, Amazon said, mostly because property and equipment purchases linked to AI shot up by $59.3 billion year-on-year.
Amazon CEO Andy Jassy told investors in April that “AWS is growing 28%,” the top rate for the cloud arm in 15 quarters. Now the question is if that type of growth is enough to cover AI spending and avoid another year with free cash flow close to zero. Amazon
AMZN heads into a busy stretch, with markets getting a clearer read than just Prime Day sales. The June quarter wraps up Tuesday, then AWS’s new July pricing kicks in. Nasdaq closes trading Friday for the July 4th holiday. AMZN probably can’t rely on e-commerce gains alone—it needs to show that the upcoming AWS AI price hikes are enough to cover the costs of expanding data centers.
