Categories: world

U.S. stock futures under pressure after Amazon, Google disappoint

U.S. De aandelen werden gepland om te komen onder druk op vrijdag, waardoor de terugkeer van sommige van de vorige…

U.S. De aandelen werden gepland om te komen onder druk op vrijdag, waardoor de terugkeer van sommige van de vorige sessies rally in een week door sterke volatiliteit die de belangrijkste indexen in en uit negatieve grondgebied voor het jaar heeft geduwd.

How are major benchmarks faring?

Dow Jones Industrial Average Futures














YMZ8, -0.96%

were down 185 points, or 0.8%, to 24.690, while those for the S & P 500 index














ESZ8, -1.12%

fell 23.7 points, or 0.9%, two 2,664, and Nasdaq-100 futures














NQZ8, -1.65%

wear 94.25 points, or 1.4% to 6.832.25.

On Thursday, the Dow Jones Industrial Average














DJIA, + 1.63%

rallied 399.95 points, or 1%, to 24.983, while the S & P 500 index














SPX, + 1.86%

advanced 49.46 points, or 1.2%, two end at 2,705.57. The Nasdaq Composite Index














COMP, + 2.95%

gained 209.93 points, finishing at 7.318.34, a rise of 2.95%, notching its best single day performance since March 26.

The Dow plunged over 600 points on Wednesday, while the Nasdaq gave up over 300 points, marking its worst day since Aug. 18, 2011 and putting the index into a widely used definition of a market correction.

For the week as of Thursday, the Dow was off 1.8%, the S & P 500 2.2% and the Nasdaq 1.8%. For the month of October so far, the S & P has lost 7.15%, the Dow is down 5.57%, and the Nasdaq has shed 9.05%.

Read: Here’s a reminder that stock-market corrections do not always become bear markets

What’s driving markets?

A recovery for stocks was looking fragile Friday, with investors understandably wary headed into the weekend, amid persistent concerns about slowing global growth, rising interest rates and concerns that they have already seen peak earnings growth for U.S. companies.

Not helping the mood was disappointing results from two of the largest tech-related companies. Amazon














AMZN, + 7.09%

posted a record profit late Thursday, but sales disappointed, and more important, its forecast for fourth-quarter sales-the all-important holiday shopping period-was below analyst expectations. Shares exceed 7% in late trading.

Read: Record profit can not save Amazon from stock downturn

Shares of Google parent Alphabet Inc.














GOOGL, + 4.40%

fell 4% in Thursday’s extended session after posting better-than-forecast earnings, but a revenue miss.

Economic data may provide a distraction on Friday, with third quarter gross domestic product expected just ahead of the open at 8:30 a.m. Eastern Time, followed by a consumer sentiment index at 10 a.m. Eastern.

Trade worries were also simmering after U.S. officials reportedly said trade talks with China will not resume until Beijing comes up with solid proposals on forced technology transfers and other economic issues.

How are other markets trading?

Asian stocks fell Friday, led by a 1% drop for the Hong Kong Hang Seng Index














HSI, -1.11%

and a 0.8% fall for the Nikkei 225 index














NIK, -0.40%

The Japanese index was prepared for a weekly drop of 6%.

The yen














USDJPY, -0.47%

and gold prices














GCZ8, + 0.67%

were higher, indicative of investors seeking out perceived safer ports. Oil prices














CLZ8, -0.98%

were lower.

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