Stock Market Today, Oct. 30: Amazon Misses Revenue and Earnings Expectations

Amazon.com (NASDAQ:AMZN), a global e-commerce and cloud platform, closed at $240.35, down 1.41%. The stock fell after premarket results missed revenue and earnings expectations, and analysts trimmed price targets during the session. Investors are watching AWS growth, AI spending, and holiday-quarter sales.
Trading volume reached 103.1M shares, coming in about 153% above its three-month average of 38.3M shares. Amazon.com IPO’d in 1997 and has grown 245,363% since going public.

How the markets moved today

The S&P 500 (SNPINDEX: ^GSPC) fell 2.07% to 7,561, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) dropped 2.86% to 25,437. In e-commerce and cloud computing, sector rival Walmart closed at $123.51, up 1.86%, and Costco Wholesale finished at $1,012.28, up 1.63%, highlighting a split in retail sentiment as Amazon.com absorbed post-earnings pressure.

What this means for investors

Despite the decline in the stock price, Amazon’s earnings…