Amazon Investors Get Major Stock Price News After Tariff Move
Amazon investors got some good stock price news after the pause on tariffs.
As of the evening of April 9, 2025, Amazon's website listed its stock price at $191.10, an 11.98% increase. That was a $20.44 increase as of 4 p.m. on the East Coast.
The markets have been volatile due to reciprocal tariffs, which were paused for all countries for three months except for China, which saw its tariffs raised. That sent the markets surging.
Amazon investors were not the only investors receiving good news. "Stocks rallied sharply on the news," CNN reported, while noting that "the 10% universal tariff on all imports coming into the United States remained in effect."
According to CNN, the Dow "surged nearly 3,000 points or 7.87%, on Wednesday. The S&P 500 shot up 9.5%. The tech-heavy Nasdaq soared 12.2%."
In February, Amazon announced its fourth-quarter results for 2024. "Net sales increased 10% to $187.8 billion in the fourth quarter, compared with $170.0 billion in fourth quarter 2023," Amazon wrote. "Excluding the $0.9 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with fourth quarter 2023."
Bloomberg reported on April 9 that Amazon "canceled orders for multiple products made in China and other Asian countries," in a move that some analysts believed was designed to decrease its "exposure to tariffs."
The halted orders were "for beach chairs, scooters, air conditioners, and other merchandise," according to Bloomberg. The cancellations came without warning, according to the site, which increased the perception that they were due to tariffs.