Amazon.com, Inc.

AMZN

US0231351067

Department Stores

Market Closed - Nasdaq Other stock markets 21:00:00 11/06/2026 BST			Pre-market 12:09:20
241.51 ^USD	+1.47%		243.20	+0.70%

11:59am	Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows	RE
11:57am	HEDGE FLOW-Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows	RE

FedEx, UPS Shares Sink on 'Watershed' Amazon Logistics Move

Published on 05/04/2026 at 07:26 pm BST

MT Newswires

AMAZON.COM, INC.

+1.47%

UNITED PARCEL SERVICE, INC.

+5.22%

FEDEX CORPORATION

+5.87%

US transportation stocks plunged on Monday after Amazon.com Inc. (AMZN) announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers. Bloomberg's Lee Klaskow joins Bloomberg Intelligence to discuss.

Bloomberg videos, provided by MT Newswires

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Off-Hours Price	Change	5-day change	Capi.
AMAZON.COM, INC.	241.51USD	+1.47%	-4.84%	2,598B
UNITED PARCEL SERVICE, INC.	108.65USD	+5.22%	-1.42%	92.35B
FEDEX CORPORATION	338.00USD	+5.87%	+3.05%	80.65B

Latest news about Amazon.com, Inc.

11:59am	Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows	RE
11:57am	HEDGE FLOW-Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows	RE
10:27am	Google, OpenAI, Anthropic Execs to Attend G7 Summit	MT
06:32am	PRESS DIGEST-Wall Street Journal - June 12	RE
06-11	Tech Up as SpaceX Launches, AI Ebullience Returns - Tech Roundup	DJ
06-11	SpaceX by the numbers: Six charts map businesses driving the largest ever IPO	RE
06-11	EU deepens Brazil ties, seeks less reliance on US tech	RE
06-11	Anthropic Pursues Plan to Lease Data Centers, Seeks Google's Backing	MT
06-11	Anthropic Pursues Plan to Lease Data Centers, Seeks Google's Backing	MT
06-11	Anthropic Pursues Plan to Lease Data Centers, Seeks Google's Backing, The Information Reports	MT
06-11	Top Midday Stories: SpaceX IPO Said to Draw Over $70 Billion in Retail Orders; Oracle Earnings Top Estimates, Plans to Raise Another $20 Billion	MT
06-11	InterDigital Shares Rise on Patent License Deal With Amazon	DJ
06-11	AI robotics company Theker raises $85 million from investors including LVMH	RE
06-11	Amazon Data Centers Used 2.5 Billion Gallons of Water in 2025	MT
06-11	Amazon Data Centers Used 2.5 Billion Gallons of Water in 2025	MT

Chart Amazon.com, Inc.

Duration

Period

AMZN: Dynamic Chart

Company Profile

Amazon.com, Inc. is one of the world leaders in on-line distribution of products to the general public. The group also operates a marketplace activity, allowing individuals and distribution companies to conduct their purchase and selling transactions for goods and services. The activity is organized around three families of products and services: - electronic and computer products: toys, cameras, computers, laptops and peripherals, TVs, stereo systems, readers, wireless communication products, etc. Amazon.com also offers kitchen and garden equipment, clothing, beauty products, etc.; - cultural products: books, musical products, video games and DVDs; - other: primarily Internet interface and application development services. Net sales break down by source of income between sales of services (58.7%) and sales of products (41.3%). Net sales are distributed geographically as follows: the United States (68.3%), Germany (6.4%), United Kingdom (6%), Japan (4.3%) and others (15%).

Employees

1,576,000

Sector

Department Stores

More about the company