NEW YORK, January 1, 2026, 09:38 ET — Market closed
- Amazon last closed down 0.7% at $230.82 in the final session of 2025.
- The S&P 500 fell 0.74% and the Nasdaq slipped 0.76% on Wednesday; U.S. markets are shut for New Year’s Day.
- Cloud competition stayed in focus after Brookfield moved toward a chip-leasing “cloud” business that could pressure AWS and peers. Reuters
Amazon.com shares closed down 0.7% at $230.82 on Wednesday, the final U.S. trading session of 2025, and Wall Street is closed on Thursday for New Year’s Day.
The year-end dip comes with investors resetting risk for 2026 after a late-December pullback in mega-cap technology. Amazon ended 2025 up about 5%, lagging the Nasdaq’s roughly 20% rise for the year.
Traders are also tracking signs that spending to support artificial intelligence workloads is reshaping competition in cloud computing, where Amazon Web Services is a key profit driver for Amazon and a bellwether for corporate tech budgets.
Amazon traded between $230.70 and $233.01 in Wednesday’s session, after opening at $232.77, according to market data.
The broader market also slipped in holiday-thinned trading, with the S&P 500 down 0.74%, the Nasdaq off 0.76% and the Dow lower by 0.63%, Reuters reported. Tech shares were among the day’s laggards.
“It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity, describing profit-taking when liquidity is low. Reuters
Cloud names stayed on watch after Brookfield moved to start a cloud business, Radiant, aimed at leasing chips inside data centers directly to AI developers, The Information reported and Reuters said. Reuters said the development could add pressure on cloud leaders including Amazon, Microsoft and Oracle.
The read-through for Amazon is less about immediate revenue and more about investor scrutiny of capex — capital expenditures, or spending on data centers and equipment — as rivals and new entrants try to meet surging demand for AI computing while proving returns.
Before next session, which resumes Friday, chart watchers will focus on whether Amazon holds the $230 area after testing that zone intraday on Wednesday. A break below recent lows can draw short-term selling, while a rebound often hinges on broader risk appetite.
Macro data is also lined up early in January. The ISM manufacturing survey for December is due on January 5, and the U.S. December employment report is scheduled for January 9, according to ISM and the Bureau of Labor Statistics.
Amazon’s next major company catalyst is its quarterly results, expected around Feb. 5 based on exchange earnings calendars. Investors will be listening for updates on AWS growth, retail profitability and management’s stance on 2026 investment spending.
