Here’s how much $1,000 invested in Amazon the day before the election would be worth now

Stocks gave back some of the gains they made during the rally that swept the market the week after President-elect Donald Trump’s Nov. 5 victory – but some stocks gave back more than others.

Amazon (AMZN) doesn’t have much of a gap between its pre-election value and the current cost of its shares. If the starting and ending prices of this data are the only context, it seems that not all that much has happened at Amazon from then to now – but a lot has happened in between.

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Here’s how much a $1,000 investment in Amazon the day before the election would be worth now, and a look at how it got there.

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Amazon closed at $195.78 on November 4th. At the end of the month, November 29, it closed at $207.89.

That means anyone who invested in Amazon the day before the election would have been 6.2% richer in a little less than a month.

That would leave someone investing $1,000 with about $62 more, for a total of about $1,062 — but that wasn’t the whole story of Amazon’s journey during this time.

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Amazon was just one stock in a brief but significant post-election rally that buoyed the entire market through the end of Friday’s trading session on Nov. 8.

According to CNBC, the S&P 500 ended the week up 4.66% and the Dow rose 4.61%, with both indexes posting their best week since November 2023. The Nasdaq did even better, gaining 5.74%, while the small-cap Russell 2000 gained 8.57%.

But the euphoria faded over the weekend and the S&P remained flat until the trading session on Monday, November 11, before giving back some of its gains.

After Trump’s victory, Amazon rose higher and faster than the overall market – but then the price fell even further and more sharply.

Investors who bought Amazon on Nov. 4 and sold at its peak on Nov. 13 would have earned 9.36%, about double the Dow and S&P’s gains at the height of the post-election recovery.

But the tech-heavy Nasdaq, which rose more than the broader market this week, was a correction waiting to happen.

On Friday, November 15 – a week after the peak of the Trump market rally – Forbes reported that Big Tech had sold off $500 billion in value following a “dangerous uptrend” as investors dumped technology stocks that they believed were sensitive to interest rates.

The story continues