Stock indexes experienced a significant decline on Friday due to weak quarterly results and the release of a disappointing jobs report by the Labor Department. Companies like Amazon and Intel saw a significant drop in their stock prices, while Apple managed to rise modestly after their earnings reports.
The key indexes, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq composite, all experienced declines after the opening bell. This was accompanied by a decrease in the 10-year Treasury yield and a fall in oil prices.
Companies like Amazon reported mixed second-quarter results leading to a drop in their stock price, while Intel missed Wall Street’s expectations for the second quarter. Conversely, Apple exceeded expectations for its fiscal third quarter, with record services revenue and strong iPad sales leading to a rise in their stock price.
It is important for investors to be aware of the changing market conditions and to pay attention to key earnings reports as they can have a significant impact on stock prices. By following IBD’s new exposure levels and staying informed on market trends, investors can make more informed decisions when it comes to their investment strategies.
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