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| 28.10.2022, 14:32
Stock futures sink after big miss from Amazon
Alexandra Semenova·Reporter
Fri, October 28, 2022 at 1:48 PM
U.S. stock futures lagged Friday morning as a big earnings miss from Amazon kicked already beaten-down technology stocks lower to end a rough week of third-quarter financials.
Futures on the tech-heavy Nasdaq Composite (^IXIC) slid by 1% ahead of the open, leading the way down for the major averages. Futures tied to the S&P 500 (^GSPC) declined 0.6%, while those on the Dow Jones Industrial Average (^DJI) were off by just 0.1%. The moves came as Treasury yields charged back above 4%.
Amazon (AMZN) shares tanked roughly 13% pre-market after the e-commerce giant issued fourth-quarter sales guidance that missed Wall Street estimates and delivered disappointing Q3 results. The flub marks the second consecutive quarter that weak financials from the company have spurred double digit percentage declines in its stock price.........
https://finance.yahoo.com/news/stock-mar...21770.html
Alexandra Semenova·Reporter
Fri, October 28, 2022 at 1:48 PM
U.S. stock futures lagged Friday morning as a big earnings miss from Amazon kicked already beaten-down technology stocks lower to end a rough week of third-quarter financials.
Futures on the tech-heavy Nasdaq Composite (^IXIC) slid by 1% ahead of the open, leading the way down for the major averages. Futures tied to the S&P 500 (^GSPC) declined 0.6%, while those on the Dow Jones Industrial Average (^DJI) were off by just 0.1%. The moves came as Treasury yields charged back above 4%.
Amazon (AMZN) shares tanked roughly 13% pre-market after the e-commerce giant issued fourth-quarter sales guidance that missed Wall Street estimates and delivered disappointing Q3 results. The flub marks the second consecutive quarter that weak financials from the company have spurred double digit percentage declines in its stock price.........
https://finance.yahoo.com/news/stock-mar...21770.html
