Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led by Germany, the United Kingdom, and Japan.

Amazon.com is the leading U.S. e-commerce retailer and among the top e-commerce sites globally. Amazon.com also includes Amazon Web Services (AWS), the global leader in cloud-based Infrastructure-as-a-Service (IaaS) platforms. The company's Prime membership platform is a key online retail differentiator, providing customers with free shipping (after an annual fee) along with exclusive media content (music, video, audible books, etc.). The company's Kindle reader and Alexa-based Echo and Dot digital voice assistants are category leaders.

Wednesday saw another eruption in crude oil, with WTI exploding over 8% and trading at $108.50/barrel late in the day. Brent oil soared over 9% to $121.30/barrel. WTI is near its highest close since the war started, which was $113, while Brent hit a new high, taking out its prior high close near $113 from March 30. Gasoline futures popped over 5% to a new high of $3.61/gallon, up 80% since February 24 when it traded at just $2.00/gallon. Energy stocks have, of course, benefited. The Energy Select SPDR (XLE) ripped higher by 2.3%, the S&P Oil & Gas Exploration & Production (XOP) surged 3.5%, and the VanEck Oil Services (OIH) rose 'only' 1%. The OIH and the Dow Jones U.S. Oil Equipment & Services Index were the only oil indices to reach all-time highs on Wednesday. An oddity we discovered about the recent decline and (now) wicked reversal to the upside is the action of the S&P 500's daily Bollinger Bands (BB). Generally, the width of the BBs will peak near or at the bottom of a pullback or correction, this as declines are usually faster than uptrends. At the recent bottom, the BBs were almost 9% apart -- but during the ensuing rally, the BB width was over 15%. Looking at the period from February to June 2025, the width of the bands peaked on April 21, right near the bottom at nearly 18%. After the S&P 500 rallied back to the prior high, the width of the band was only 4%. Still, during the 2023 pullback, the peak in the width of the BB occurred during the rally phase. In the 2022 bear market, the BB width peaked in June, more than three months before the bottom.

Amazon is the leading online retailer and marketplace for third party sellers. Retail related revenue represents approximately 74% of total, followed by Amazon Web Services (17%), and advertising services (9%). International segments constitute 22% of Amazon's total revenue, led by Germany, the United Kingdom, and Japan.