Dow Jones Outpaces Market as AMZN Stock Tumbles—Amazon Tariffs Axed in Surprise Move
Wall Street’s old-guard index flexes while tech darling Amazon bleeds—another day in the casino, folks. The Dow Jones Industrial Average shrugs off retail sector woes, even as AMZN shares nosedive on earnings miss.
Meanwhile, Washington quietly scraps proposed Amazon tariffs—because nothing says ’free market’ like selective corporate welfare. Traders cheer the news while small businesses seethe—just another Tuesday in late-stage capitalism.
Pro tip: Watch where the lobbyist money flows next. These ’policy adjustments’ always have ripple effects—usually benefiting those who can afford the $2,000/hour DC lawyers.
Markets Edge Higher Despite Tariff-Related Drama Around Amazon
U.S. stocks continued their upward trajectory Tuesday, with all major indexes ending the day higher, albeit with small gains. The S&P 500 posted its sixth straight day of advances, while the Nasdaq Composite managed to break a five-day losing streak with a modest recovery. Investor sentiment held up well despite headline risk, particularly surrounding Amazon.
AMZN Recovers Early Losses
Amazon shares opened 2% lower at $183.99 after reports from Punchbowl News suggested the company planned to include a visible “tariff cost” component in product prices listed on its platform. The news sparked immediate political backlash. White House Press Secretary Karoline Leavitt condemned the alleged move, characterizing it as a politically motivated attempt to draw attention to inflation under President Biden’s administration.
However, Amazon later clarified that it had no intention of itemizing tariff impacts on consumer-facing prices on its site. The company pushed back against the report, stating that no such policy was planned. After this clarification, the stock recovered most of its early losses and closed the session nearly unchanged.
Amazon Stock Chart Daily – The Trend Is Still Bearish
Despite the initial dip in one of the market’s most influential stocks, broader investor appetite remained resilient. Trading volumes picked up across the board, and the generally positive tone suggests investors are willing to look past political noise and focus on fundamentals heading into the new quarter.
US Indices Close Higher Across the Board – July 1, 2025
- Dow Jones Industrial Average:
Gained +300 points, or +0.75%, ending at 40,527.62.
The blue-chip index extended its rebound, led by strong performance in industrials and healthcare stocks. - S&P 500 Index:
Increased by +32 points, or +0.58%, to settle at 5,560.83.
Broad-based buying supported by gains in tech and consumer discretionary sectors. - Nasdaq Composite Index:
Rose +95 points, or +0.55%, closing at 17,461.32.
Tech names recovered despite mixed guidance from some firms, with semiconductors showing renewed strength. - Russell 2000 (Small Caps):
Added +11 points, or +0.56%, to finish at 1,976.51.
Continued rotation into small-cap names as investors sought broader market exposure.
All major US indices finished higher, suggesting improving sentiment across both large-cap and small-cap equities. Despite lingering macro concerns, the market appears to be gaining confidence heading into the new quarter, supported by sector rotation and earnings optimism.
