Amazon.com (NASDAQ:AMZN), a global e-commerce, cloud computing, and logistics platform, closed at $260.21, down 2.19%. Thursday's move reflected early election-related gains that faded as technology selling and higher yields took over. Investors are watching the company's AWS cloud computing division's profitability and AI infrastructure spending next. Trading volume reached 83.5 million shares, coming in about 117% above its three-month average of 38.5 million shares. Amazon.com IPO'd in 1997 and has grown 265,645% since going public. The S&P 500 (SNPINDEX:^GSPC) closed at 7,354, down 4.36%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 24,315, down 5.52%. Among e-commerce, digital advertising, and retail logistics peers, Walmart closed at $127.72, down 1.12%, while Costco Wholesale closed at $1,065.59, up 1.83%.
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