Stocks Turn to Losses as Amazon Prices Rise, Job Market Calms: Stock Market News Today

Shares rolled within the purple afternoon on Friday after trying poised to bounce early within the session, capping the tough first few days in August as the roles report launch took middle stage and the earnings-filled calendar continued.

At noon, the S&P 500 (^GSPC) was down 0.4%, whereas the Dow Jones Industrial Common (^DJI) was down 0.3%. The high-tech Nasdaq Composite (^IXIC) fell 0.2% after rising 1% earlier within the session.

The July jobs report confirmed continued calm within the labor market, with non-farm payrolls rising by 187,000 final month whereas the unemployment fee fell barely to three.5%. The numbers will function a number one indicator for the Fed because it decides whether or not to pause its fee hike marketing campaign subsequent month.

Elsewhere, Amazon (AMZN) inventory was buzzing Friday, up greater than 10% after earnings outperformed throughout, together with rosy near-term steerage. In contrast, Apple (AAPL) fell 3% after the iPhone maker reported slowing gross sales of that flagship product and its third consecutive quarter of decrease income general.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *