US Stocks Follow Other Global Markets Lower
PEELED: Goodyear Tire & Rubber sank $3.48, or 9.8 percent, to $32.00 after it reported revenue
and earnings for the latest quarter that fell short of Wall Street’s expectations.
AMAZON: Earnings for the online retailer fell short of expectations,
and its forecast for operating income this fiscal year was below many analysts’ forecasts.
Treasury yields dipped after the government said the U. S. economy accelerated in the spring but also revised down its growth for the first quarter.
STOPPED UP: Flowserve, which sells pumps, valves and other parts for the oil
and gas industries, dropped to one of the biggest losses in the S&P 500 after reporting weaker earnings for the latest quarter than Wall Street had forecast.
Revenue also fell short of forecasts
STUBBED: Stocks of cigarette makers plunged after the Food
and Drug Administration said it plans to begin talks about whether to cut the amount of nicotine in cigarettes so that they’re no longer addictive.
NEW YORK — U. S. stocks followed other markets lower on Friday after Amazon
and several other big companies reported quarterly results that underwhelmed investors.
