(For a Reuters blog on U. S. inventory markets. USA, UK and Europe, click LIVE/ or type LIVE/ in a news window).
* Pinterest sinks due to stagnant U. S. growth. U. S.
* U. S. spending U. S. Increases in June, inflation rises
* Indices: Down 0. 4%, S
By Caroline Valetkevitch
NEW YORK, July 30 (Reuters) – U. S. stocks fell on Friday and posted losses for the week as Amazon. com shares fell after corporate forecasts reduced sales growth, but the S
shares of Amazon. com Inc fell 7. 6%, its biggest percentage drop since May 2020, after the company on Thursday night reported second-quarter earnings below analysts’ average estimate and said sales expansion would slow in the coming quarters as consumers ventured further out. the home.
Shares of other web and tech giants that performed well last year’s closes, adding Google’s parent company Alphabet Inc and Facebook Inc, were also at times weaker.
“The overall benefits have been passed on. But AmazonArray . . . and some of last year’s winners are pulling some air out of the market place today,” said Jake Dollarhide, managing director of Longbow Asset Management in Tulsa, Oklahoma. it has been driven through big technology and when the generation goes well, the place of the market passes hand in hand with it, and when it does not, it “falls”.
Friday’s knowledge showed that U. S. customers’ spending was not enough. U. S. Rising more than expected in June, annual inflation accelerating further above the Federal Reserve’s 2% target.
The Dow Jones Industrial Average 149. 06 points, or 0. 42%, to 34,935. 47, the S
For the month, the S
Strong gains and continued rebound in the U. S. economyU. S. They helped stocks this month, but the immediate spread of the Delta coronavirus variant and emerging inflation have been concerns.
“There are still remote considerations, rumors about the Delta variant, about the backlog of cases, and I think some underlying considerations about a slowdown in reopenings and an imaginable reversal,” Dollarhide said.
Also in terms of benefits, those of Pampers, Procter
Pinterest Inc, however, plunged 18. 2% after saying that the expansion of U. S. users. U. S. It slowed down as other people using the platform for crafting and DIY projects at the height of the pandemic were coming out more.
Shares in Caterpillar Inc also fell, ending down 2. 7%, even as the company posted an increase in adjusted earnings this quarter thanks to the recovery in global economic activity.
The effects of S companies
The volume of U. S. stock exchangesIt is 8,860 million shares, compared to an average of 9,740 million for the full consultation over the past 20 business days.
The lowest problems outnumbered the highest on the New York Stock Exchange through a ratio of 1. 43:1; on the Nasdaq, a ratio of 1. 58 to 1 favored the declines.
The S
Related quotes