Election night sent futures into a tailspin, but Big Tech opened with a surprising surge that left some Magnificent Seven names celebrating while others kept sliding. Whether the rebound signals a true turning point or a one-day distraction depends on…
Big Tech is leading the stock market’s recovery from a volatile election night, and three of its largest names are setting the pace. Amazon (NASDAQ:AMZN | AMZN Price Prediction) stock is at $269.36, up 7% during the morning session. Apple (NASDAQ:AAPL) stock is at $347.92, up 5% while Microsoft (NASDAQ:MSFT) stock is at $545.16, also up 5%.
October 29 brought Amazon’s Q3 2026 results, and Amazon Web Services (AWS) segment revenue grew 39% year over year to $45.98 billion, the cloud unit’s fastest growth in nearly five years. That strength offset a headline miss, as the company’s earnings per share of $1.89 missed expectations of $1.96. CEO Andy Jassy struck a confident tone on the call, saying, “Backlog is $578 billion,…
