Key facts: Amazon to report Q3 earnings; AWS outage impacts services
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- Amazon will report its Q3 earnings next week, alongside major firms like Meta, Microsoft, Alphabet, and Apple. Analysts expect a 10.4% year-on-year earnings growth for the S&P 500.1
- Amazon's AWS faced a major outage, disrupting services like Zoom and Venmo, and delaying over 4,000 flights. Shares rose 1.6% after much of the service was restored.2
- Investors are watching reports on card spending indicating a slowdown in consumer spending, which may affect the consumer discretionary sector, including Amazon (AMZN).3