* Pinterest (PINS) sinks on stalled U.S. user growth. * U.S. consumer spending rises in June, inflation increases. * Indexes: Dow down 0.4%, S&P 500 down 0.5%, Nasdaq down 0.7% By Caroline Valetkevitch.
* Nasdaq drops 0.7% as Amazon (AMZN) slumps 7.6% * Dow, S&P 500 shed 0.4-0.5% each. * STOXX 600 down 0.45% * Dollar bounces after remarks by St. Louis Fed President Bullard. By Koh Gui Qing.
* Pinterest (PINS) sinks on stalled U.S. user growth. * U.S. consumer spending rises in June, inflation increases. * Indexes off: Dow 0.5%, S&P 0.5%, Nasdaq 0.7% By Caroline Valetkevitch. NEW YORK, July 30 - U.S. stocks were lower in afternoon trading on Friday with Amazon.com (AMZN) falling after it forecast lower sales growth, but the S&P 500 was still on track to post a sixth straight month of gains.
* Nasdaq drops 0.7% as Amazon (AMZN) slumps 7% * Dow, S&P 500 shed 0.5% each. * STOXX 600 down 0.45% * Dollar bounces after remarks by St. Louis Fed President Bullard. By Koh Gui Qing. U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc (AMZN) dampened the market mood, while the dollar rose a shade but hovered near a one-month low.
* Dollar index down 0.8% for the week. * U.S. consumer spending rises strongly in June. By Saqib Iqbal Ahmed and Ritvik Carvalho. The dollar rose on Friday as upbeat economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve scuttled a month-long rally in the U.S. currency.
* Nasdaq drops 0.9% as Amazon (AMZN) slumps 7% * STOXX 600 down 0.18% * Dollar languishes near 1-month low. By Koh Gui Qing and Simon Jessop. U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc (AMZN) dampened the market mood, while the dollar rose a shade but hovered near a one-month low.
European stocks fell Friday as investors took a risk-off stance across global equity markets. The monthslong rally in U.S. stocks has grown fragile in recent weeks on signs that the pace of economic growth may be slowing and snarls in the global supply chain for goods are persisting. Lingering concerns over China's clampdown on its internet and technology businesses as well as lofty expectations for corporate earnings has weighed on sentiment this week.
1/ OUT OF SURPRISES? Is this year's sharp U.S. growth rebound losing momentum? U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. The strength of U.S. economic numbers has at least partly driven stock market gains. Have a look at Citi's U.S. Economic Surprise Index, which measures the degree to which the data is beating or missing economists' forecasts. 2/CHINA CRACKDOWN.
Stock Futures and Global Indexes Decline. U.S. stock futures and international indexes fell on the final trading day of the week after economic data on Thursday suggested that growth was set to slow. Import Surge Overwhelms Warehouse Space Near Ports.
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