U.S. stocks open lower as Amazon's cloud outlook, sticky inflation disappoint investors

U.S. stock indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented expectations for higher rates in the U.S.. The Dow Jones Industrial Average dropped 70 points, or 0.2%, to 33,758. The S&P 500 was down 0.

1%, while the Nasdaq Composite lost 0.3%. Amazon.com Inc. shares slumped 2.5% after the company's chief financial officer said in a conference call on Thursday that the company's cloud revenue is decelerating in the current quarter. In economic data, the cost of goods and services rose 0.1% in March and the yearly rate of inflation slowed again...

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Dow, S&P 500 close lower Wednesday as First Republic woes eclipse Big Tech earnings: Live updatesThe Dow lost more than 200 points as investors’ worries around First Republic overpowered their excitement around Big Tech earnings. The Dow fell 0.68%. The S&P 500 shed 0.39%. The Nasdaq popped 0.47%.
La source: CNBC - 🏆 12. / 72 Lire la suite »

Stock market news: Dow soars 524 points after upbeat tech earningsDow soars 524 points as US stocks notch best day since January after streak of upbeat earnings
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »