The markets closed in the red on Friday as the markets saw weaker-than-expected earnings results from the heavily weighted companies like Amazon. Jay Bryson, Wells Fargo’s Corporate and Investment Bank Chief Economist, and Aadil Zaman, Wall Street Alliances Managing Partner, join Yahoo Finance’s Seana Smith and Adam Shapiro to discuss the latest.
Amazon posted its third $100 billion quarter in a row. Loop Capital Managing Director Anthony Chukumba joins Yahoo Finance Live to discuss.
U.S. stocks fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains. Amazon.com Inc shares sank 7.6% - their biggest daily percentage drop since May 2020 - after the company reported late on Thursday revenue for the second quarter that was shy of analysts' average estimate and said sales growth would ease in the next few quarters as customers ventured more outside the home.