Chewy Stock Soars 6.6% After Amazon Prime Day Hits Record $8.3 Billion in U.S. Online Sales

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Summary · why it matters

Shares of Chewy jumped 6.6% in afternoon trading after Adobe reported that Amazon Prime Day drove $8.3 billion in U.S. online sales, the biggest shopping day of the year so far. The 5.3% year-over-year increase surpassed Adobe's initial estimates and exceeded the previous year's Thanksgiving sales of $6.4 billion, signaling resilient consumer spending during promotional events. The broader consumer discretionary sector found support, with Amazon and Shopify also seeing positive momentum, while a drop in the 10-year yield below 4.5% provided valuation support. Chewy's stock remains down 43.2% year-to-date and is trading 56.2% below its 52-week high of $43.43 from June 2025.

Impact on assets 4

Artificial Intelligence▲ · 2 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Amazon Prime Day drove record $8.3B in U.S. online sales, signaling strong consumer demand for Amazon's platform.

Consumer Discretionary▲ · 1 stocks
Chewy Inc
CHWY
▲ PositiveDemandrelevance

Chewy shares rose 6.6% after Amazon Prime Day record sales signaled resilient consumer spending, benefiting pet supply demand.

Cloud & Digital Infrastructure▲ · 1 stocks
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