On Friday, July 24, the U.S. stock market in the first half of the trading has led retreats with high-tech sector after the discovery of new skeletons in the closet during the reporting season - Microsoft, Amazon.com and American Express disappointed Wall Street for its financial results.
By 20:10 AM EDT indicator blue chip Dow Jones Industrial Average traded in the red at 0.11% on the mark at 9,059.01 points, the index of SP 500 will fall by 0.27% to a level of 973.66 points, while index of high-tech sector Nasdaq Composite losing 0.94% to a mark at 1955.05 points.
Shares of the world's largest software developer Microsoft collapsed to 8.9% after reporting a quarterly publication of the company - profits fell by 29% and for certain deductions of 36 cents, or slightly below forecasts. Sales decreased by 17% to a level of $ 13.1 billion, is disappointed the market.
Camera Credit Card American Express traded in a small red on a background of disappointing data on the fall of the profit from continuing operations by 48% to $ 342 million in the same time, sales totaled $ 6.09 billion, ie almost flush with the projections.
the world's largest Internet retailer Amazon.com loses bid to 8.7% after the publication of data on the fall of profits by 10% to a level of $ 142 million, or 32 cents per share. The policy of reducing prices and the implementation of cheaper models of technology adopted by Amazon.com, with a view to increasing market share, led to a decline in profitability of business in the second quarter.
utility company Exelon traded down to 1.4% against the backdrop of falling profits in the second quarter by 14% to a level of $ 657 million over the same period last year.
largest manufacturer of hand tools Black Decker, increased the market capitalization of more than 10% after its quarterly profit was twice as high as expected.
Shares solar cell manufacturer SunPower soared 24.8%, otygryvaya reported an unexpected profit for the second quarter of 26 cents per share, while the expected loss. Sales of SunPower fell by 22%.
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