* 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.
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.
U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood, while the dollar bounced from its lows but still suffered its worst week in nearly two months.
U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood, while the dollar bounced from its lows but still suffered its worst week in nearly two months.
The dollar rose on Friday along with other safe haven currencies as stocks fell and as upbeat U.S. economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve tanked a month-long rally in the greenback. The dollar index, which measures the greenback against a basket of six currencies, was 0.32% higher at 92.181 at 2:45 p.m. Eastern time.
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