Stock Market Today, Nov. 4: Amazon Jumps 6% From New Perspective on AWS Growth and AI Strategy Following Election Results
Today, Nov. 4, 2026, investors are reweighing Amazon's earnings from last week as cloud demand and AI spending take center stage.
On November 4, Amazon.com (AMZN) shares surged 6.12%, closing at $266.03, as investors reacted to the recent midterm elections. Trading volume surged 142% above its three-month average, reaching 92.8 million shares. This jump came after reassessing Amazon's earnings report, which boosted confidence in the company's AWS growth and AI strategy.
The S&P 500 and Nasdaq Composite also saw gains, closing at 7,689 and 25,737 respectively. In comparison, Walmart and Microsoft posted smaller gains of 3.45% and 6.68% respectively. Analysts noted that while some investors anticipated a slowdown in data center construction following the election results, Amazon's existing cloud infrastructure could help the company maintain its market position.
Goldman Sachs' chief economist, Jan Hatzius, stated that while federal data center expansion may not be significantly impacted, state and local government restrictions could affect roughly 45% of planned U.S. data center capacity growth. Amazon's AWS sales grew by 39% to $46 billion in the third quarter, further bolstering investor optimism.
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