Amazon’s Europe-only AWS cloud launch puts cloud computing stocks in focus before Tuesday’s open
Amazon’s AWS launched a Europe-based “sovereign cloud” service, pledging over 7.8 billion euros in Germany. Cloud software ETFs lagged megacaps Friday as Treasury yields rose and Wall Street closed flat. Salesforce and ServiceNow shares fell sharply, while Microsoft and Amazon edged higher. U.S. markets close Monday for Martin Luther King Jr. Day, with investors awaiting Microsoft’s Jan. 28 earnings.