U.S. Stock Market Midday Update: Amazon down 8.06%

U.S. Stock Market Midday Update

Amazon fell 8.06%, with increased trading volume. Based on recent important news:

1. On August 1, during Amazon's earnings call, AWS performance fell short of expectations, and profit margins declined, causing the stock price to drop by 6.6% in after-hours trading.

2. On July 31, Amazon projected third-quarter sales to exceed market expectations, but AWS growth lagged behind Microsoft and Google, raising concerns among investors.

3. On August 1, Amazon's management revealed that high capital expenditures were not aligned with revenue growth, leading the market to question the efficiency of its AI investments.

Stocks with High Trading Volume in the Industry

Alibaba fell 3.37%, with increased trading volume. According to recent important news:

1. On July 31, Alibaba repurchased 675,200 shares on the New York Stock Exchange, involving approximately $9.97 million, demonstrating the company's confidence in its own value, but failed to boost the stock price, which instead fell by 3.37%.

2. On July 31, Alibaba's Hangzhou Haoyue planned to reduce its stake in Red Star Macalline, raising concerns about its liquidity, which put pressure on the stock price.

3. On July 30, Alibaba's stock closed at $119.36, down 2.28% from the previous day, with the market taking a wait-and-see attitude towards its future growth.

eBay fell 2.03%, with increased trading volume. Based on recent key news:

1. On July 31, eBay announced second-quarter results, with revenue of $2.73 billion, exceeding market expectations of $2.64 billion, and earnings per share of $1.37, surpassing the expected $1.30, leading to an 11.9% increase in after-hours trading.

2. On July 31, eBay forecasted third-quarter revenue between $2.69 billion and $2.74 billion, higher than analysts' expectations of $2.66 billion, indicating strong demand for collectibles and refurbished goods.

3. On July 31, Citibank upgraded eBay's rating from "Neutral" to "Buy," raising the target price to $100, reflecting market recognition of its strategic transformation.

Pinduoduo fell 3.18%, with a trading volume of $326 million. Based on recent key news:

1. On July 31, Pinduoduo was ordered to pay 1 million yuan to miHoYo for false advertising and unfair competition, leading to a 3.18% drop in stock price.

2. On July 30, Pinduoduo activated its emergency response mechanism to urgently procure disaster relief supplies, which had a positive impact but failed to offset overall negative sentiment.

3. On July 29, the European Commission stated that Pinduoduo's Temu platform posed risks of selling illegal products and could face hefty fines, further undermining market confidence.

Stocks with High Market Capitalization in the Industry

Latin American Business Services fell 0.04%, with increased trading volume. Based on recent important news:

1. On August 1st, Latin American Business Services is set to release its quarterly earnings report on August 4th, with analysts predicting earnings per share of $11.94. Investors are expecting results to exceed expectations, leading to fluctuations in market sentiment.

2. On July 31st, market analysis indicated that although Latin American Business Services is rated as a moderate buy, top analysts are more optimistic about five other stocks, affecting investor confidence.

3. On July 31st, Latin American Business Services' stock price increased by 33.47% over the past year, with the current trading price at $2,373.89, and the market holds an optimistic outlook on its future performance