The market rally paused on the key indexes amid earnings from Apple, Tesla and Amazon. But several stocks flashed buy signals. Read More...
Reuters
US STOCKS-Wall Street falls as Amazon earnings disappoint
Wall Street’s main indexes fell on Friday following a glum quarterly earnings report from Amazon.com, while data showing a strong rise in June consumer spending reinforced optimism about a steady economic rebound. Amazon.com Inc sank 6.9%, tracking its worst day since March 2020, after the company said sales growth would slow in the next few quarters as customers ventured more outside the home. Shares of other technology behemoths, including Apple Inc , Google-parent Alphabet Inc, and Facebook Inc , which benefited last year from people staying indoors due to the COVID-19 curbs, fell between 0.6% and 1.8%.
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