{"id":58468,"date":"2026-02-13T12:08:30","date_gmt":"2026-02-13T16:08:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/amazons-470-billion-wipeout-and-golds-historic-5000-breach-markets-await-scotus-tariff-ruling\/58468\/"},"modified":"2026-02-13T12:08:30","modified_gmt":"2026-02-13T16:08:30","slug":"amazons-470-billion-wipeout-and-golds-historic-5000-breach-markets-await-scotus-tariff-ruling","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/amazons-470-billion-wipeout-and-golds-historic-5000-breach-markets-await-scotus-tariff-ruling\/58468\/","title":{"rendered":"Amazon\u2019s $470 Billion Wipeout and Gold\u2019s Historic $5,000 Breach: Markets Await SCOTUS Tariff Ruling"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) shares fell for a ninth straight session, the longest losing streak since 2006, erasing $470 billion in market value.<\/strong><\/li>\n<li><strong>Spot <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold prices<\/a> surged nearly 2% to hit a historic milestone of $5,019.69\/oz as investors seek safety amid tech volatility and trade uncertainty.<\/strong><\/li>\n<li><strong>The US Supreme Court has designated February 20, 24, and 25 as opinion days, with a high-stakes ruling on President Trump\u2019s signature tariffs looming.<\/strong><\/li>\n<li><strong>Former President Donald Trump issued a full endorsement for Hungarian Prime Minister Viktor Orb\u00e1n, praising his &quot;phenomenal results&quot; in economic growth and border security.<\/strong><\/li>\n<\/ul>\n<h2>Amazon Faces Historic Slump on $200 Billion Spending Fears<\/h2>\n<p>Amazon.com, Inc. (<a href=\"\/stock\/AMZN\">AMZN<\/a>) shares continued their downward spiral on Friday, falling <strong>0.8%<\/strong> to mark a ninth consecutive day of losses. This represents the company&#39;s longest losing streak in nearly <strong>20 years<\/strong>, dating back to 2006. During this nine-day rout, the e-commerce and cloud giant has seen its stock price tumble by <strong>18%<\/strong>, effectively wiping out <strong>$470 billion<\/strong> in shareholder value.<\/p>\n<p>The sell-off was triggered by the company\u2019s aggressive <strong>$200 billion<\/strong> capital expenditure plan for 2026, a figure that far exceeded Wall Street&#39;s expectations. Investors are increasingly concerned that the massive investment in <strong>artificial intelligence, custom chips, robotics, and satellite technology<\/strong> will weigh heavily on free cash flow. <em>Analysts note that while the long-term potential of these investments is high, the market is currently punishing the lack of immediate returns.<\/em><\/p>\n<h2>Gold Shatters $5,000 Barrier Amid Market Volatility<\/h2>\n<p>Spot gold prices reached an unprecedented milestone on Friday, rising nearly <strong>2%<\/strong> to trade at <strong>$5,019.69\/oz<\/strong>. This surge marks the first time the precious metal has breached the psychological <strong>$5,000<\/strong> level, fueled by a combination of a weakening dollar and a flight to safety. <em>The record high reflects growing investor anxiety over the stability of the tech sector and the potential for renewed trade tensions.<\/em><\/p>\n<p>Market participants are increasingly turning to gold as a hedge against <strong>inflationary pressures<\/strong> and geopolitical instability. The metal\u2019s <strong>16% year-to-date gain<\/strong> has significantly outperformed broader equity indices, which have struggled under the weight of high interest rates and mixed corporate earnings. <em>Commodity strategists suggest that the $5,000 level may now serve as a new support floor if macroeconomic uncertainty persists.<\/em><\/p>\n<h2>Supreme Court Sets Dates for Landmark Tariff Ruling<\/h2>\n<p>The <strong>US Supreme Court<\/strong> has officially scheduled February 20, 24, and 25 as opinion days, signaling that a decision on the legality of President Trump&#39;s broad <strong>tariffs<\/strong> may be imminent. The case centers on whether the administration exceeded its authority under the <strong>International Emergency Economic Powers Act (IEEPA)<\/strong> to unilaterally impose duties. Current estimates suggest these tariffs are costing US importers more than <strong>$16 billion every month<\/strong>.<\/p>\n<p>The upcoming rulings are expected to be the most significant market movers of the quarter, with billions of dollars in potential <strong>refunds<\/strong> at stake for retailers and manufacturers. If the Court invalidates the tariffs, it could provide a massive liquidity injection into the economy but may also trigger a shift in <strong>U.S. trade policy<\/strong>. <em>Investors are bracing for high volatility in the retail and industrial sectors as the February 20 deadline approaches.<\/em><\/p>\n<h2>Trump Endorses Viktor Orb\u00e1n Ahead of Hungarian Elections<\/h2>\n<p>Former President <strong>Donald Trump<\/strong> issued a formal endorsement for Hungarian Prime Minister <strong>Viktor Orb\u00e1n<\/strong> on Friday, calling him a &quot;true friend, fighter, and winner.&quot; Trump praised Orb\u00e1n\u2019s commitment to <strong>stopping illegal immigration<\/strong> and growing the Hungarian economy through nationalist policies. The endorsement comes ahead of Hungary\u2019s parliamentary elections scheduled for <strong>April 12, 2026<\/strong>.<\/p>\n<p>Trump highlighted the &quot;spectacular achievement&quot; of U.S.-Hungary relations during his administration and expressed a desire to continue working closely with the Prime Minister. This move reinforces the strong alliance between the two populist leaders and signals a continued focus on <strong>reciprocal trade<\/strong> and &quot;law and order&quot; initiatives. <em>Geopolitical analysts suggest the endorsement may influence diplomatic sentiment within the European Union regarding trade and security cooperation.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Amazon (AMZN) shares fell for a ninth straight session, the longest losing streak since 2006, erasing $470 billion 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