Market

US stocks drop on higher inflation expectations and weaker jobs report. The S&P 500 fell 0.1%, Nasdaq Composite dropped 0.5%, and Dow Jones Industrial Average declined 0.1% as consumer sentiment sank to a seven-month low and inflation expectations surged. Amazon shares plummeted after disappointing earnings outlook, but the major indices remain on track for weekly gains.

Published on: February 07, 2025, 04:04 PM UTC

In this article, you'll find the latest updates on US stocks, including a mixed performance amidst anticipation for Amazon's quarterly results, as well as company news such as management changes at Salesforce and Honeywell's planned split into three companies. Additionally, you'll stay informed about the impact of AI demand on the tech industry, the latest on jobless claims and the Federal Reserve's policy adjustments, and key takeaways from various corporate earning reports.

Published on: February 07, 2025, 04:03 PM UTC

Amazon's revenue surpassed Walmart's in 2015, and its stock has since soared 802%. The company's growth has been driven by its cloud business and other ventures, but retail remains its biggest earner.

Published on: February 07, 2025, 04:03 PM UTC

Amazon stock (AMZN) dropped 3% in premarket trading after mixed Q1 guidance and plans for increased AI infrastructure spending in 2025. Despite a miss on revenue estimates, analysts remain bullish on Amazon's sales reacceleration in AWS and the company's strong quarter, including three straight quarters of 19% sales growth for AWS and record operating income.

Published on: February 07, 2025, 04:02 PM UTC

The Trump administration's proposed tariffs on goods from Mexico, Canada, and China are impacting the retail industry. Some retailers are moving sourcing out of China to contain costs, while others are raising prices to compensate for the added supply chain costs. Analysts believe that scale is important in this volatile backdrop and are more optimistic about Nike, which has interests in China in both the manufacturing and consumption of its goods.

Published on: February 07, 2025, 04:02 PM UTC

The unemployment rate in the US fell unexpectedly to 4% in January, while wages grew more than expected and December's job gains were revised higher.

Published on: February 07, 2025, 04:02 PM UTC

US stocks fell on Friday after a report showed consumer inflation expectations rose and job growth was slower than expected, erasing earlier gains.

Published on: February 07, 2025, 04:01 PM UTC

Mortgage rates unlikely to fall, say consumers, as pessimism grows about affordability

Published on: February 07, 2025, 04:01 PM UTC

The US-China trade war heats up, with Apple, Google, Intel, and Nvidia facing antitrust probes in China. Apple faces pressure from both countries, while Nvidia's AI chip sales in China are under scrutiny. Google and Intel could also face challenges, with Intel particularly vulnerable due to its significant revenue from China.

Published on: February 07, 2025, 04:01 PM UTC

U.S. consumer sentiment dropped to a 7-month low in February on inflation fears amid tariffs threatened by President Trump, according to the University of Michigan Surveys of Consumers.

Published on: February 07, 2025, 04:00 PM UTC