Stock Market Today, July 30: Amazon Soars Over 8% After Hours on Earnings Beat
On July 30, 2026, the e-commerce giant's earnings topped forecasts as it showed investors its heavy AI infrastructure spending is paying off.
Overview
Amazon.com (NASDAQ:AMZN), a global tech and retail giant, closed at $235.50, up 3.90%. The stock moved even higher in after-hours trading, gaining over 8% after a Q2 earnings beat that showed strong demand for its artificial intelligence (AI) cloud services. Trading volume reached 78.7 million shares, coming in about 66% above its three-month average of 47.3 million shares. Amazon.com IPO'd in 1997 and has grown 193,130% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,438, up 1.66%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 25,122, up 2.78%. Among e-commerce and consumer retail peers, Walmart closed down 2.73% to $111.10, and Costco Wholesale fell 2.04% to finish at $954.17.
Details
Amazon is one of several Magnificent Seven firms to report earnings this week, putting AI spending and monetization under the spotlight. Microsoft, which maintained its AI expenditure, soared today, while Meta Platforms, which refused to be drawn on its capex outlook, tumbled. It looks like Amazon could follow Microsoft’s trajectory when markets open tomorrow.
Source
Originally published at www.fool.com.