Amazon.com (AMZN) closed at $263.04 on April 29, 2026. The stock gained 1.29% from its previous $259.70 mark. Shares jumped to $273.68 in after-hours trading. The NASDAQ index declined 0.24% during the regular session.
Alphabet, Amazon, and Meta reported strong sales growth after the bell. These results eased concerns about an AI demand slowdown. The sector previously faced pressure after OpenAI missed performance targets. Meta also disclosed extensive AI spending plans.
Broader sentiment faced headwinds from a Federal Reserve rate hold. OPEC+ policy shifts and Middle East tensions contributed to market caution. Strong company earnings outweighed these factors to drive after-hours gains.