Tariffs crushed Amazon’s stock price on Thursday. Here’s why you should see this discount as a wide-open buying window for this resilient tech stock.
Trump’s tariffs brought the stock market to its knees on Thursday. The introduction of profit-sapping importation fees drove the S&P 500 (^GSPC -5.97%) to close almost 5% lower.
As a leading seller of imported goods, e-commerce giant Amazon (AMZN -3.92%) took a particularly hard hit. The stock closed the day down 9%. Amazon’s share price is back where it was a year ago, erasing 2024 gains of more than 30%. Following along with Wall Street’s general trend, Amazon’s price drop started in February and accelerated as the tariff threat evolved from a threat to a…
