Amazon's Stock Is Taking a Beating. What's Next for the Magnificent 7?
1. Amazon's stock fell over 7%, the weakest in the 'Magnificent 7'. 2. Trump's new tariffs and weak jobs report disrupted earnings momentum. 3. Rate cut odds increased, now near 80%, which may benefit growth stocks. 4. Investors punished Amazon's results, comparing unfavorably to competitors like Microsoft. 5. Market remains cautious due to potential inflation from tariff impacts.