Shares of Amazon (AMZN) have declined for nine consecutive trading sessions, marking the longest losing streak since 2006.

Amazon is:

• a major component of the Nasdaq
• a heavyweight in the S&P 500
• a core holding in passive and growth-focused portfolios

A prolonged drawdown in AMZN may signal:

📉 profit-taking in mega-cap tech 📊 broader weakness in consumer and cloud narratives ⚠️ rotation away from high-beta growth stocks

Extended losing streaks in large-cap leaders are rare and often coincide with:

• macro uncertainty
• yield-driven valuation pressure
• earnings recalibration
• broader risk-off sentiment

The key question now is whether this represents:

📉 a temporary technical correction or 📊 a deeper reassessment of Big Tech leadership

If weakness persists, it could weigh on overall US equity momentum, especially given the high index concentration in mega-cap names.