U.S. stocks fell Friday morning to wrap up April trading, with the Nasdaq Composite on pace for the worst month since March 2020.
The tech-heavy Nasdaq Composite fell 1.2%. The Dow Jones Industrial Average fell about 120 points, or 0.4%. The S&P 500 retreated by 0.9%.
Investor focus Friday was on Amazon, whose shares tumbled more than 10% in morning trading after reporting Thursday evening a surprise loss thanks to its investment in Rivian and issued weak revenue guidance for the second quarter.
Apple shares were also under pressure despite an earnings beat, falling 1% after CFO Luca Maestri said supply chain constraints could hinder fiscal third-quarter revenue.
Intel also reported earnings Thursday evening. The stock fell more than 4% in early morning trading after the company issued weak guidance for its fiscal second quarter.