AMZN is trading at $221.40 (+3.6%) in pre-market as global markets surge following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
- Major indices are tracking significantly higher with S&P 500 futures up 2.47% and NASDAQ up 3.21%, fueled by plunging oil prices and strong rallies in Asian markets.
- Amazon's gains reflect broad risk-on sentiment across the technology sector, with no new company-specific catalysts reported since the USPS deal on April 7.