META and Jeff Bezos’s Amazon Stock Gain, Google and Apple Stock Fall Lower
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Apple and Google Extend Losses
The stock market experienced a mixed session today, with some major tech stocks rebounding while others continued their declines. Apple (AAPL) lost around 3%, ending its recent bullish run. After climbing steadily for two weeks, Apple shares dipped below $240, marking a shift in sentiment.
Google (GOOGL) also faced selling pressure, opening with a bearish gap and extending its losses throughout the session. The stock closed down 2%, hitting an intraday low of $171.37. Yesterday, Google briefly tested its 100-day moving average (SMA) at $174, but today’s session saw a further breakdown below that key level, increasing the likelihood of a continued decline toward $160.
Meta and Amazon Stock See Gains Amid Volatility
Meta (META) has struggled in recent weeks, shedding 13.5% from its peak of $740 after an impressive 20-day rally. The downturn was partly triggered by regulatory concerns, as WhatsApp surpassed the 45 million active users threshold in Europe, subjecting it to stricter EU regulations. This caused Meta’s stock to retreat to $641.43. However, the 50-day SMA held as support, and today, Meta rebounded 2% as buyers stepped in.
Amazon (AMZN) was one of the few major tech stocks to show bullish momentum today. The stock has surged 300% in the past two years, climbing from $80 in early 2023 to $242 earlier this month. However, a sharp reversal last week saw AMZN drop over 15%. Yesterday’s session hinted at a potential recovery as Amazon erased its daily losses and closed higher. Today, the stock gapped up at the open, continued rising, but later retraced some gains to close with a small but positive performance.
Conclusion
While Apple and Google extended their losses, Meta and Amazon showed resilience, with Meta rebounding from key technical support and Amazon stabilizing after a volatile week. The broader tech sector remains mixed, with regulatory concerns, market sentiment, and technical levels playing a crucial role in driving short-term price movements.
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