Amazon's Trading Volume Surges to $17.17 Billion Amid Market Turmoil Ranking Fifth in Daily Activity
1min read On April 3, 2025, Amazon's trading volume reached $17.17 billion, marking a 64.62% increase from the previous day and ranking fifth in the day's stock market activity. Amazon's stock price fell by 8.98%.
Amazon's stock decline was triggered by President Donald Trump's announcement of plans to impose tariffs on most imports, which sent shockwaves through the market. This move led to a significant drop in the stock prices of e-commerce companies, including amazon.
Trump's tariff plan, announced during a "Liberation Day" event at the White House, caught markets off guard. The uncertainty surrounding the new reciprocal duties and their potential impact on the US economy contributed to the market's volatility. Investors are concerned that these tariffs could escalate into a full-blown trade war, with retaliatory measures from other countries.
Despite the market turmoil, Amazon's stock had shown resilience earlier in the week. On Wednesday, Amazon's stock was up 2% following reports that the company had made a last-minute bid for TikTok. However, the positive momentum was short-lived as the tariff announcement overshadowed any potential gains.
Ask Aime: What impact will Amazon face from President Trump's tariff announcement?
