Amazon Drops 3.7% to $245.19 Ahead of Q3 Earnings Report
As seen on the 24/7 Wall St. homepage on October 29, 2026.
A 3.70% slide to $245.19 takes roughly $100 billion off a $2.6 trillion market cap, and Q3 results land tonight after the bell. Rare size for a mega-cap this liquid, so keep an eye on the stock into the report.
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Amazon opened at $254.60 and sold off through the afternoon, closing the captured session at $245.19.
A move of this magnitude strips roughly $100 billion from what was a $2.6 trillion market capitalization, a rare daily swing for a company this large and this liquid.
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The timing matters because Q3 results are due tonight after the bell. Whatever drove the selling during regular trading hours, investors will get a direct answer from the earnings report on whether the concerns were warranted or overblown.
A nearly 4% single-day decline going into a scheduled earnings report can reflect hedging, position-trimming, or broader sector pressure. Keep an eye on the stock in after-hours trading once results are released.
Sources
Mentioned: AMZN