Canada Gross Domestic Product (MoM) below expectations (0.2%) in August: Actual (0%)

TradingKey - Amazon stock forecast: AMZN slides 7% premarket as a $42.4 billion cash outflow outweighs AWS's 39% growth, putting $226.21 support to the test.

TradingKey - As of press time on October 30, Eastern Time, Amazon's (AMZN) pre-market stock price fell 7.1% to $226.48.

TradingKey - In US pre-market trading on October 30 ET, the US memory sector extended its decline from the previous session. Although SanDisk's latest quarterly results beat market expectations, overall weakness in tech stocks and market concerns over returns on AI infrastructure investment continued to weigh on memory-related stocks.

TradingKey - On October 30, gold (XAUUSD) and Bitcoin (BTC) remained under pressure. U.S. PCE inflation data for September showed year-on-year increases in both headline and core inflation. Coupled with the Federal Reserve holding interest rates steady while delivering a hawkish signal, market expectations for another rate hike in December further intensified. After falling more than 1% in the previous trading session, spot gold briefly dipped below $4,000 intraday today, while Bitcoin extended its decline, dropping below $77,000 at one point to hit a six-week low.

On October 29, Amazon (AMZN) released its third-quarter 2026 financial results. AWS revenue growth accelerated further, beating market expectations, and the group's operating margin reached a record high. However, total revenue fell slightly short of expectations, advertising revenue missed forecasts, and ongoing investments in AI infrastructure continued to widen the free cash flow deficit. In extended trading, the stock fell over 11% at one point before narrowing its decline to 5.39% to trade at $230.64 as of press time.