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* Pinterest sinks due to stagnant U. S. growth. U. S.
* U. S. spending U. S. Increases in June, inflation rises (updates to close)
By Caroline Valetkevitch
NEW YORK, July 30 (Reuters) – U. S. shares fell on Friday as Amazon. com shares fell after corporate forecasts reduced sales growth, but the S
shares of Amazon. com Inc sank after announcing second-quarter earnings Thursday night that were below analysts’ average estimate and said sales expansion would slow in the coming quarters as consumers venture further away from home.
Shares of other tech and web giants that did well in last year’s closes, adding Google’s parent company, Alphabet Inc and Facebook Inc, were more commonly 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.
Unofficially, the Dow Jones Industrial Average fell 146. 36 points, or 0. 42%, to 34,938. 17, 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, murmurs about the Delta variant, about the backlog of cases, and I think there are some underlying considerations about slowing reopenings and an imaginable reversal,” Dollarhide said.
Also in terms of benefits, those of Pampers, Procter
Pinterest Inc, however, sank after saying that the expansion of U. S. users. U. S. It slows down as other people who use the platform for crafting and DIY projects at the height of the pandemic are getting more out.
Shares of Caterpillar Inc also fell, the company posted an increase in adjusted earnings at the time of the quarter due to the recovery in global economic activity.
Overall effects for the quarter were much stronger than expected, with about 89% of reports exceeding analysts’ earnings estimates, according to Refinitiv’s IBES data. July (Report via Caroline Valetkevitch in New York Additional report via Sagarika Jaisinghani in Bengaluru Edited via Arun Koyyur and Matthew Lewis)
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