U.S. Stocks Open Lower on Friday; Amazon Shares Plunges More Than 10%

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U.S. Stocks Open Lower on Friday; Amazon Shares Plunges More Than 10%

Tiger Newspress2022-04-29

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.

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robot1234
·2022-04-30
Dow tumbles more than 900 points and the Nasdaq drops 4% on Friday to close out a brutal month. U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off. Stocks closed out a dismal month as investors contended with a slew of headwinds, from the Federal Reserve’s monetary tightening, rising rates, persistent inflation, Covid case spikes in China and the ongoing war in Ukraine.
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jllwang
·2022-04-30
Please like. Thanks
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2
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HHTan
·2022-04-29
Please like
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3
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Bspn
·2022-04-29
Ok
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2
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JLiP
·2022-04-29
Disappointing Amzn
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3
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RT126
·2022-04-29
Amazon... might not be good for their e-commercebusiness, but their AWS is their main focus. We shall see.
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5
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SamHee
·2022-04-29
Wow
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1
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Chris Tan
·2022-04-29
🏃‍♂️🏃‍♂️🏃‍♂️
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1
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Zasper
·2022-04-29
Temp only
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2
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MrTig3r
·2022-04-29
power
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2
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Gamestonk11
·2022-04-29
1
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2
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Meeooww
·2022-04-29
Ok
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4
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Munyee
·2022-04-29
Wow pls like
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6
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thesushimao
·2022-04-29
Wow pls like
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7
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VickJW
·2022-04-29
Like and comment please
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10
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Trademeow
·2022-04-29
Come on
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Andrewinho
·2022-04-29
Undervalue!!! 😱😱😱
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Quicklearner
·2022-04-29
Not again.... 😭
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We shall see.","listText":"Amazon... might not be good for their e-commercebusiness, but their AWS is their main focus. We shall see.","text":"Amazon... might not be good for their e-commercebusiness, but their AWS is their main focus. We shall 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