Amazon (AMZN) shares climbed +3.64% to close at $208.27 on March 31, moving in tandem with a broader surge in the S&P 500 and Nasdaq.
- The stock saw additional gains in after-hours trading, reaching $209.51 (+0.59%).
- Positive market sentiment was driven by U.S.-Iran de-escalation signals and reassuring comments from Fed Chair Powell regarding energy shocks.
- Amazon benefited from a wider tech rally fueled by AI investments, helping the stock overcome pressure from oil prices exceeding $115/bbl.