Stock Market Today, March 9: Amazon Edges Higher on Zoox Robotaxi Expansion
2026-03-09 17:22:04 ET
Amazon (NASDAQ:AMZN) , global e-commerce and cloud leader, closed Monday at $213.49, up 0.13%. The stock inched higher as investors weighed Zoox’s robotaxi expansion against UPS ’s (NYSE:UPS) strategy shift away from lower-margin Amazon parcels. Investors are also while watching transportation and logistics impacts amidst volatile oil prices.
Trading volume reached 53.5 million shares, nearly 11% above its three-month average of 48.4 million shares. Amazon IPO'd in 1997 and has grown 217,932% since going public.
The S&P 500 (SNPINDEX:^GSPC) added 0.83% to finish Monday at 6,796, while the Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.38% to close at 22,696. Within e-commerce and cloud computing, industry peers also saw muted moves, as Alibaba Group (NYSE:BABA) closed at $132.64 (+1.41%) and Microsoft (NASDAQ:MSFT) ended at $409.41 (+0.11%).
Markets whiplashed today following the price of oil. As oil soared early, markets were hit hard. Both reversed course as the day progressed. Amazon had its own news today, too.
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