- Amzn shares were sold up to 9.7 % on Thursday after the start of the American tariffs.
- President Donald Trump announced an experimental tariff against all foreign countries on Wednesday.
- Dow Jones loses approximately 4 %, nasdak skiing 5.5 % in the blood -tariffs.
- Amazon made an offer at the last minute of the American operations of the Chinese Tiktok platform.
Amazon (AMZN) The stocks lost nearly a tenth of its value on Thursday after the Trump administration announced the sweeping tariffs late on Wednesday. 10 % tariffs of the basic level around the world and much higher definitions on about 60 other countries, not to mention a 25 % tariff for foreign -made cars, has been shocked through the American stock market.
The Amazon shares fell more than 9.7 % to the lowest level of the day under 177 dollars at the time of writing this report. Dow Jones Industry MEVERAGE (DJIA), which includes Amazon, has lost 3.7 %, while S&P 500 Skids 4.4 % is less. Nasdak has been heading for the worst day in years, as the heavy technology index decreased by 5.7 %.
In general, Bloomberg estimates that the US stock market will lose about $ 2 trillion on Thursday, and many observers expect that the current decline will have long -term consequences.
Amazon stocking stocks
Certainly, the customs tariff will harm e -commerce sales in Amazon, and investors must be cautious about responding to foreign countries to the new American tariff system while checking its largest companies. China has already taken a bleak look at Googl (Googl)In response to the first tariff of Trump by 10 % on its goods with the anti -monopoly issue against the research giant.
Amazon sent an offer at the last minute of the US Tiktok Chinese operations on Wednesday. The company sent them to Vice President JD Vance and Minister of Trade Howard Lottenic, but rumors appeared that it was a low offer and was not taken seriously by the administration.
White House Trump has set a final date on April 5 for Tiktok to strip its American operations, and many offers came late. Among them Oracle (Orcl)and Rumble (ROM) The only founder of Tim Stockley.
Politicians from both political parties considered a threat to national security, and some of them specifically on the anti -Israel feelings on the social networking site. For its part, Amazon already has the Twitch Video Streaming platform and will use Tiktok the same to announce e -commerce products.
Cap Mega Shares Like Amazon, you also feel the pressure sale unit caused by indicators investors. The US Treasury Department witnessed 5 years, the return of the return by 5.7 % on Thursday, as investors sold off the rights of American stocks and accumulated in the government. Bonds. The heavy sale of the S&P 500, Dow Jones and Nasdaq Etfs forces the index platforms to sell basic stocks.
Nobody knows the future, but based on evaluation and profitability, the Amazon shares are better than most of the other wonderful 7 shares, so this may mean that it will lose less bottom during the stretch decline in the market.
Amazon stock forecast
Amazon shares reached the lowest level of the day at $ 176.92 before 11:00 am EST. Since then, Amzn has recovered about $ 181.
Since the Amzn shares are traded less than a simple moving average for 200 days (SMA), merchants ” better The guess will be back to the declining direction soon. The decline in Fibonacci is proposed by 61.8 % support at $ 173.37, in addition to 78.6 % of Fibo at $ 164.44.
Historical support sits at $ 166.32 and $ 152.00. However, it should mean a 38.2 % higher break from Fibo at $ 185.91 that Amazon stocks outside the deadly strait and that morning crash was just a short -term shock.