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Major U.S. equities indexes tumbled on the final day of the trading week and the first day of the new month after the latest Bureau of Labor Statistics report showed a lower-than-expected pace of hiring in July.
Shares of Amazon (AMZN -8.09%) are falling on Friday, down 8.3% as of 3:28 p.m. ET. The move comes as the S&P 500 and Nasdaq Composite have lost 1.7% and 2.3%, respectively.
Needham Senior Analyst Laura Martin says Amazon's AI strategy is clear and keeps its cloud business strong despite some short-term pressures. She speaks with Caroline Hyde and Ed Ludlow on "Bloomberg Tech.
U.S. stocks traded lower midway through trading, with the Dow Jones dipping around 1.5% on Friday.
AMZN's Q2 results benefit from a solid momentum in North America and International segments alongside steady growth in AWS. The stock drops on mixed Q3 guidance.
Not all in the the Magnificent 7 is magnificent today.
Amazon.com Inc. AMZN analysts raised their price targets on the stock and questioned why shares were falling Friday after reporting better-than-expected second-quarter results.
CNBC's MacKenzie Sigalos joins 'Halftime Report' to discuss Amazon post-earnings as the company is now the worst performing stock in the Nasdaq 100.
AMZN beats on Q2 earnings and revenues, but weak Q3 guidance sparks an 8% drop in shares, putting key ETFs like FDIS, ONLN, VCR and XLY in the spotlight.
U.S. equities plunged at midday on a weaker-than-expected jobs report and President Donald Trump's announcement of new tariffs. The Nasdaq lost nearly 2%, and the Dow Jones Industrial Average and S&P 500 slid more than 1%.