Stocks slide as Amazon weighs down tech sector
U.S. stock indexes fell Friday as investors digested the latest inflation data and sorted through another batch of earnings from high-profile companies.
The Dow Jones Industrial Average lost 148 points, or 0.42%, while the S&P 500 index and the Nasdaq Composite index dropped 0.54% and 0.71%, respectively. Despite the losses, all three indexes recorded gains for July with the S&P 500 booking its sixth straight monthly advance.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 34935.47 | -149.06 | -0.42% |
SP500 | S&P 500 | 4395.26 | -23.89 | -0.54% |
I:COMP | NASDAQ COMPOSITE INDEX | 14672.677608 | -105.59 | -0.71% |
The core personal consumption expenditures price index rose 3.5% annually in June, making for the biggest increase since July 1991. Prices were up 0.4% month over month. Both readings were below what analysts surveyed by Refintiv were expecting.
FED’S PREFERRED INFLATION