Share “US stocks ease on earnings results”

US stocks ease on earnings results

Published on NewsOK Modified: July 25, 2014 at 8:49 am •  Published: July 25, 2014

NEW YORK (AP) — The stock market is lower in early trading after online retail giant Amazon posted a quarterly loss.

The Dow Jones industrial average lost 102 points, or 0.6 percent, to 16,981 shortly after the market opened Friday The Standard & Poor's 500 index slipped six points, or 0.3 percent, to 1,981. The Nasdaq composite fell 25 points, or 0.6 percent, to 4,446.

Amazon's stock slumped $38.15, or 11 percent, to $320.46 after it reported a wider loss late Thursday than analysts had forecast. The company's expenses outpaced a surge in revenue.

Investor seemed to shrug some good news about the U.S. economy. Orders for long-lasting manufactured goods rebounded in June, helped by rising demand for commercial aircraft and machinery.

Major markets in Europe also traded lower.


  1. 1
    New $5 service will cancel your Comcast in 5 minutes
  2. 2
    Montreal's raw sewage to be dumped into St. Lawrence River as planned
  3. 3
    Debris Field Found in Search for Missing US Cargo Ship
  4. 4
    The impressive footage from the BBC of a volcano erupting is not what it seems
  5. 5
    Bernanke: More execs should have faced prosecution for 2008 crisis
+ show more


× Trending business Article