HomeBusinessStocks flip to losses...

Stocks flip to losses to end rough week, Amazon surges: Stock market news today


Stocks flipped into the red Friday afternoon after looking set to rebound earlier in the session, putting the cap on a rough first few days in August as the jobs report’s release took center stage and an earnings-heavy calendar continued.

The S&P 500 (^GSPC) finished down 0.5%, while the Dow Jones Industrial Average (^DJI) fell 0.4%. The tech-heavy Nasdaq Composite (^IXIC) slipped by 0.4% after gaining as much as 1% earlier in the session.

The S&P 500 and Nasdaq were both down more than 2% to end the first week of August trading.

The July jobs report showed continued cooling in the labor market, as nonfarm payrolls rose by 187,000 last month while the unemployment rate dipped slightly to 3.5%. The numbers will serve as a key indicator for the Fed as it determines whether to halt its interest rate hiking campaign next month.

Elsewhere, Amazon (AMZN) stock was buzzing Friday, finishing more than 8% after earnings beat all around, combined with rosy guidance for the near term. Apple (AAPL), by contrast, was down almost 5% after the iPhone maker reported sluggish sales of that flagship product and a third straight quarter of declining revenue overall.



Source link

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Read Now

Toyota Recalls Over 600,000 Trucks and SUVs Over Safety Concerns

More than 600,000 Toyota pickup trucks and SUVs in the United States were voluntarily recalled over the past week because of different issues that could increase the risk of crashes, the vehicle manufacturer said.The first announcement, on Feb. 21, stated that about 280,000 vehicles, including Toyota...

Pak-Iran gas pipeline: Cabinet defers plan to appeal against US sanctions

The caretaker federal cabinet has approved the postponement of the plan to file an appeal against the US sanctions under the Pak-Iran Gas Pipeline project ...

Stock futures inch lower Tuesday night as investors await fresh inflation data: Live updates

An Hour AgoInvestors should eye emerging markets and small caps outside of the 'Magnificent 7' stocks, Richard Bernstein says Investors should turn their attention to alternative investments including small caps and emerging markets outside of the "Magnificent 7" stocks, according to Richard Bernstein Advisors chief Richard...

Bettman on Jets’ future: ‘I believe this is a strong NHL market’

WINNIPEG — It’s not Gary Bettman’s presence in Winnipeg that’s alarming to Jets fans. It’s his purpose.The NHL commissioner drops in on most markets over the course of a typical season. He addressed Winnipeg media last season, opening his remarks by saying he had no emergency to address or news...

Pokémon Legends: Z-A Is Apparently Set “Entirely” Within Lumiose City

Past Pokémon games have typically required aspiring trainers to go out and explore the world, but the newly announced Pokémon Legends: Z-A for "Nintendo Switch systems" could be a little different. In case you missed the initial announcement, this upcoming release will supposedly be "set entirely within...

Bears offer hint at Justin Fields-Caleb Williams decision while trying to say nothing

INDIANAPOLIS -- The Bears maintain that they arrived in Indianapolis for the 2024 NFL Scouting Combine still early in the information-gathering stage of their franchise-defining quarterback journey. Both general manager Ryan Poles and head coach Matt Eberflus talked Tuesday in Indianapolis, painting a picture of a...

Crosstown Trade: White Sox and Cubs swap pitchers

The White Sox and Cubs swapped minor-league pitchers, the South Side announced. The Cubs are sending Bailey Horn to the White Sox in exchange for Matt Thompson. The trade helps the Cubs open a roster spot for Cody Bellinger, who they recently re-signed to the tune...

A surge fee on your Frosty? Wendy’s to test ‘dynamic pricing’ in 2025.

The deals at Wendy’s may soon not be as square as their burgers.The fast-food chain is set to start experimenting with dynamic pricing at company-owned stores next year. Wendy’s CEO Kirk Tanner said the company will soon spend $20 million to swap in digital menu boards,...

Gary Sinise’s Son Mac Dies Of Rare Cancer At 33

Gary Sinise foundation McCanna “Mac” Anthony Sinise, the musician son of actor Gary Sinise, has died of the rare spinal cancer Chordoma, the Forrest Gump star announced today. Mac Sinise, who had recently completed work on his album Resurrection & Revival, died on January 5 following a years-long...