Why is amazon down today?

Shares trade lower as investors reduce risk before AMZN earnings on Feb. 5 and react to the Saks on Amazon wind-down. The move likely reflects short-term caution and technical positioning. We see limited direct revenue impact from the headline. Focus stays on AWS growth, retail margins, and capex guidance.

When are AMZN earnings and what matters most?

Earnings are scheduled for Feb. 5 at 21:00 UTC. We are watching AWS growth and margins, retail profitability, advertising trends, and 2025 capex plans. Commentary on AI workloads, cost discipline, and logistics efficiency will drive the stock more than the Saks news.

Does the Saks on Amazon shutdown hurt Amazon’s luxury push?

It is a setback for that specific partnership, but the impact on revenue should be small. Amazon can still court premium brands using better curation, Prime loyalty, and ad reach. The main investor focus remains AWS and retail profitability, not the luxury storefront change.

Is AMZN expensive heading into earnings?

AMZN trades near a 33 P/E and about 16.6x EV/EBITDA, with a modest free cash flow yield. That valuation assumes steady AWS growth and ongoing retail margin gains. If management guides to disciplined capex and healthy cloud demand, the multiple can hold. Event risk remains near term.

Global Market Insights

AMZN Stock Today: February 04 – Saks Exit Tests Luxury Push Before Earnings

ByHuzaifa Zahoor February 5, 2026February 5, 2026

With amazon down into the close on Feb. 4, shares of AMZN traded at $232.99, off 2.36%. The move comes a day before AMZN earnings on Feb. 5 at 21:00 UTC, while Saks Global winds down its “Saks on Amazon” storefront under Chapter 11. We think the headline adds a slight narrative drag. Investors will focus on AWS growth, retail margins, advertising traction, and 2025 capex plans to gauge durability of operating leverage after a strong 2024.