Amazon stock slips into 2026 — here’s what Wall Street watches next for AMZN

Amazon stock slips into 2026 — here’s what Wall Street watches next for AMZN

NEW YORK, Jan 4, 2026, 4:25 PM ET — Market closed

  • Amazon shares closed down 1.9% at $226.50 on Friday, the first U.S. trading session of 2026.
  • Chipmakers led the broader market higher while consumer discretionary names, including Amazon, weighed on the Nasdaq. Reuters
  • Investors turn to U.S. jobs data on Jan. 9 and the still-unconfirmed timing of Amazon’s next earnings report. Bureau of Labor Statistics

Amazon.com, Inc. shares (AMZN) ended Friday down 1.9% at $226.50, starting 2026 on the back foot after a choppy session that ranged from $224.71 to $235.39.

The move matters now because investors are resetting positions after year-end and quickly repricing growth stocks around the interest-rate outlook. Small shifts in expectations on rates can swing valuation for big tech names like Amazon, where much of the investment case rests on future cash flows.

Friday’s trade reflected a split market. Chip stocks rallied, but consumer discretionary shares — companies tied to non-essential spending — pressured parts of the Nasdaq, with Amazon among the decliners, Reuters reported. Reuters

Joe Mazzola, head of trading and derivatives strategist at Charles Schwab, described the mood as “buy the dip, sell the rip” — a tactic of buying pullbacks and selling rebounds. Reuters

Technically, traders will focus on Friday’s bookends: support near the session low at $224.71 and resistance near the $235.39 high. Amazon opened at $231 and finished $4.34 below its prior close.

The next company catalyst is Amazon’s fourth-quarter results. In its last guidance, issued with third-quarter results in October, Amazon said it expected fourth-quarter net sales of $206.0 billion to $213.0 billion and operating income of $21.0 billion to $26.0 billion.

Investors will likely keep the spotlight on Amazon Web Services (AWS), the company’s cloud unit, which reported third-quarter sales up 20% year-on-year to $33.0 billion. AWS competes most directly with Microsoft’s Azure and Alphabet’s Google Cloud, making cloud growth and capacity commentary a key read-through across the sector.

Amazon has not announced a date for its next earnings report. Wall Street Horizon’s event calendar forecasts an after-market release on Feb. 5, labeling the timing unconfirmed. Wall Street Horizon

Before that, macro data are likely to set the tone. The U.S. December employment report is scheduled for Jan. 9 at 8:30 a.m. ET, and the Federal Reserve’s first policy meeting of 2026 is set for Jan. 27-28, according to the central bank’s calendar. Bureau of Labor Statistics

The risk is a stronger-than-expected jobs report that drives bond yields higher and tightens financial conditions, which can pressure richly valued growth stocks. For Amazon, any earnings update that shows spending on fulfillment and data centers outrunning demand would sharpen the focus on margins and cash generation.

U.S. markets reopen Monday, and traders will watch whether Amazon holds above Friday’s $224.71 low into the Jan. 9 payrolls report. Bureau of Labor Statistics

Stock Market Today

  • SGX Opens Higher on Fed Rate Hold Optimism
    January 28, 2026, 8:34 PM EST. The Singapore Exchange (SGX) started Thursday with the Straits Times Index (STI) rising 0.08% to 4,913.17. Early gains were driven by banking and technology sectors, including DBS and OCBC Bank. The market reacted to the Federal Reserve's decision to keep interest rates steady at 3.50%-3.75%, signaling confidence in the US economy amid reduced inflation risks. This pause supports regional equities by stabilizing liquidity and borrowing costs. Derivatives activity showed moderate volumes in equity index and currency futures. Other SGX indices saw mixed movement, with sustainability and technology segments holding firm. Traders are monitoring US economic data and Asian corporate earnings for cues, as investor sentiment remains cautious on global rate policies and inflation trends.
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