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Amazon shares jump 6.3% after Democrats win Congress, boosting ETFs with heavy Amazon exposure.

04 Nov 2026, 19:06 WIB
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Bullish
Amazon shares jump 6.3% after Democrats win Congress, boosting ETFs with heavy Amazon exposure.

Amazon's stock rose 6.28% following the Democrats' midterm election win, driven by reduced election uncertainty and strong AWS growth. ETFs with large Amazon holdings, like the Consumer Discretionary Select Sector SPDR Fund (22.22% Amazon), saw bigger gains compared to broader index funds. Many retirement investors may unknowingly have significant Amazon exposure through multiple funds, amplifying their portfolio's sensitivity to Amazon's moves. Looking ahead, Amazon expects strong Q4 sales and plans increased capital spending, with AWS growth projected above 40% for 2027 and 2028.

Following the Democrats' midterm election win, Amazon's stock jumped significantly, and this momentum is visible on Pluang where AMZN trades at USD 267.79, up 6.82% as of Nov 05, 2026 00:21 WIB. ETFs with heavy Amazon exposure like XLY also gained, with XLY priced at USD 122.64, up 4.53% at the same time. Despite strong buying interest in XLY on Pluang, AMZN shows a higher sell activity at 70%, indicating mixed investor sentiment.

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