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U.S. stocks have made a V-shaped recovery from the April lows, and the S&P 500 Index ($SPX), which briefly tumbled below 5,000, is now above the 6,000 level. The world’s most popular index has turned green for the year, but the rally seems to be losing steam despite some positive noise around tariffs and trade deals.
Looking at the Magnificent 7, Tesla (TSLA), Apple (AAPL), Alphabet (GOOG), and Amazon (AMZN) are still in the red despite having rebounded from their 2025 lows. In this article, we’ll analyze whether Amazon stock can rise further from these levels, as the markets are currently looking vulnerable with the tariff story mostly played out on the upside.