Amazon Slides Nearly 3% in Early Trade After Explosive Tuesday Rally
Key Highlights:
Amazon (AMZN) is witnessing a modest pullback in early U.S. trading hours, sliding 2.96% to $185.45 as of 9:37 AM ET. The decline comes after an outstanding performance yesterday where the stock closed up nearly 12%, driven by strong buying in mega-cap techs.
Amazon Intraday Snapshot – April 10, 2025
| Metric | Value |
|---|---|
| Current Price | $185.45 |
| Change | -$5.65 (-2.96%) |
| Open | $185.44 |
| Day’s High | $186.20 |
| Day’s Low | $184.45 |
| Previous Close | $191.10 |
| 52-Week High | $242.52 |
| 52-Week Low | $151.61 |
| Market Cap | $1.97T |
| P/E Ratio | 33.56 |
What’s Behind the Dip in Amazon Today?
- Profit booking after Tuesday’s euphoric surge
- General weakness in tech futures, particularly Nasdaq-100
- Slight cooling in AI and cloud sentiment
- Investors watching upcoming CPI and Fed commentary for rate direction
Key Levels to Watch for AMZN
| Level Type | Price Range |
|---|---|
| Support Zone | $184.00 – $182.50 |
| Immediate Resistance | $190.00 |
| Breakout Trigger | $194.50 |
If Amazon manages to hold above $184, it could stabilize and possibly reverse later in the day.
Expert View
“This morning’s decline in Amazon is not concerning. It’s part of a healthy consolidation following a vertical move. If the broader Nasdaq remains stable, AMZN will likely find support,” says Emily Hart, Lead Market Analyst at BMO Capital.
Big Picture: Short-Term Dip in a Long-Term Uptrend
Despite the red start, Amazon remains one of the strongest performing large caps this week. The structural bullish sentiment around cloud, e-commerce strength, and AI adoption continues to drive institutional interest.
Amazon Sees Temporary Pause After Big Run
Amazon’s nearly 3% decline today appears to be a technical pullback rather than a shift in sentiment. With market participants recalibrating after Tuesday’s surge, investors will watch for stability above key support levels. The broader Nasdaq’s movement will be a key cue.
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