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Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target

The Motley Fool·
Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target

Amazon stock rallied 2.20% to $245.63 on November 2, 2026, following a Phillip Securities buy upgrade with a $330 price target. Analyst Helena Wang cited strong AWS cloud demand and AI positioning, with AWS revenue jumping 39% year-over-year to $46 billion. The broader market saw the S&P 500 down 0.50% and Nasdaq down 1.07%, while retail peers Walmart and Costco posted gains.

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