Why Amazon (AMZN) fell 2.53% on August 4, 2026

Amazon (AMZN) fell 2.53% on August 4, 2026 — New Jersey sues over third-party delivery model.

New Jersey sued Amazon on antitrust grounds, alleging it unlawfully wielded its marketplace power to control and squeeze third-party delivery contractors, threatening the logistics model underpinning the platform.

A successful antitrust action could force compliance overhauls, raise contractor costs, or loosen Amazon's control over the delivery network—material headwinds to the cost discipline and margin expansion that have…

Amazon is a cornerstone of the Hyperscaler Capex supercycle, but that narrative assumes uninterrupted margin and operational leverage; an antitrust entanglement in the delivery contractor model injects structural risk…

If the suit is dismissed early or narrowed to procedural irrelevance before affecting contractor terms, Amazon's operational model remains intact and the selloff could reverse; a narrow ruling that doesn't touch pricing…