Stocks Are Falling After Surprisingly Strong Jobs Growth
Continue reading following a U.S. monthly jobs report that came in far stronger than expected and disappointing earnings from tech giants Apple AAPL +3.93% , Amazon.com AMZN –4.60% and Alphabet GOOGL –0.89% .
These stocks were making moves Friday:
Amazon.com (AMZN) was falling 6.2% after the tech and online retailing giant reported better-than-expected fourth-quarter sales growth but weaker-than-anticipated profit, due largely to a loss on the company’s stake in electric-truck maker Rivian (RIVN). Revenue at the company’s Amazon Web Services unit fell shy of expectations, and Amazon’s first-quarter revenue outlook, was well below Wall Street estimates.
Google parent Alphabet (GOOGL) reported slowing revenue growth in the fourth quarter and an earnings miss, sending the stock down 2.4%. An advertising slowdown weighed on the results.
source : https://www.barrons.com/articles/stock-market-movers-apple-amazon-google-ford-51675354870
