Amazon (NASDAQ: AMZN) reported fiscal 2022 first-quarter earnings after the markets closed on Thursday. Investors were disappointed, and Amazon's stock was down more than 15% on the day following the report. With Amazon's market value over $1.5 trillion before the release, the fa
Looking at the sectors faring worst as of midday Friday, shares of Technology & Communications companies are underperforming other sectors, showing a 2.5% loss. Within that group, Verisign Inc (Symbol: VRSN) and Intel Corp (Symbol: INTC) are two large stocks that are laggi
Wall Street tumbled on Friday at the end of a volatile week, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates.
Consumer stocks were broadly lower in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping 1.9% and the SPDR Consumer Discretionary Select Sector ETF (XLY) retreating 3.5%.
What happened
EV maker Rivian Automotive (NASDAQ: RIVN) has been on investors' radar this week for the wrong reason. While past performance isn't necessarily indicative of future results, the drag Rivian stock has had on the first-quarter earnings reported by Ford and then Amazon
U.S. stocks fell on Friday as disappointing forecasts from Amazon and Apple pushed the Nasdaq toward sharp monthly declines, with the biggest surge in monthly inflation since 2005 adding to investor worries.
Canada's main stock index fell on Friday, as the technology sector echoed a downbeat mood on Wall Street following Amazon's disappointing forecast, although the index was on track for nine straight months of gains.
In early trading on Friday, shares of Pinduoduo topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.0%. Year to date, Pinduoduo has lost about 24.5% of its value.
In early trading on Friday, shares of Mohawk Industries, topped the list of the day's best performing components of the S&P 500 index, trading up 17.0%. Year to date, Mohawk Industries, has lost about 16.0% of its value.
In this video, I will be going over Roku's (NASDAQ: ROKU) Q1 earnings report and call. Roku keeps showing why it's the No. 1 streaming service in the US. The competition (Amazon, Google, Apple) will have a hard time catching up. You can find the video below, but here are some hig
Stock Market Today Mid-Morning UpdatesOn Friday, the Dow Jones Industrial Average is down by over 150 points as investors react to yet another slew of tech earnings. Apple (NASDAQ: AAPL) for instance, reported a strong quarter, with a revenue record of $97.3 billion, up by 9% yea
What happened
Shares of Palantir (NYSE: PLTR) are sinking again in this week's trading. Heading into this Friday's market open, the big-data specialist's stock was down roughly 8.4% from last week's close, according to data from S&P Global Market Intelligence.
What happened
ChargePoint Holdings (NYSE: CHPT) stock is sliding this week. The electric vehicle (EV) charging company's share price was down roughly 6.6% from the end of last week heading into Friday's market open, according to data from S&P Global Market Intelligence.
Amazon (NASDAQ: AMZN) reported earnings on April 28 after closing bell, and shares are down over 10% on the news. The company reported a $7.6 billion loss from its investment in Rivian Automotive (NASDAQ: RIVN), an electric vehicle manufacturer. In addition, Amazon announced ligh
What happened
Rivian Automotive (NASDAQ: RIVN) stock is losing ground again in this week's trading. The company's share price was down roughly 4.3% from last week's close ahead of Friday's market open, according to data from S&P Global Market Intelligence.
Wall Street was set to open lower on Friday as disappointing quarterly reports from Amazon and Apple pressured growth stocks, pushing the tech-heavy Nasdaq toward its worst month in two years.
Consumer stocks were retreating pre-bell Friday. The Consumer Staples Select Sector SPDR Fund (XLP) was 0.41% lower, and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently down more than 2%
Many investors will focus on Amazon.com's (NASDAQ: AMZN) slow growth and weak revenue forecast for the second quarter as they assess the company's first-quarter earnings report, released after market close on Thursday. After all, 7% growth represented the company's worst top-line
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) just released its last earnings report before its anticipated stock split in July. After the release, the stock price dropped, likely because of challenges in the ad market and other issues.