US stocks open lower on Friday

ANKARA

Major indices in the US stock market opened lower on Friday after Amazon’s post-earnings plunge.

On Thursday, Amazon announced a quarterly loss for the first time since 2015. The e-commerce giant registered a net loss of $3.8 billion from January-to March versus a profit of $8.1 billion a year ago. 

Apple's revenue rose 9% year-on-year during the quarter ended in March, hitting record of $97.3 billion. However, the company predicted that supply constraints would cut sales by $4 billion to $8 billion during the current quarter.

The Dow Jones industrial average was down 126.2 points, or 0.37%, to 33,790 at 9.37 a.m. EDT (1337GMT). The S&P 500 fell 37.80 points or 0.88% to 4,249.

The Nasdaq declined 108.21 points, or 0.84%, to 12,763.

The VIX volatility index, known as the fear index, was down 1.17% to 29.64. The dollar index slipped 0.37% to 103.28

Precious metals were mix, with gold adding 0.73% to $1,905 per ounce and silver falling 0.43% to $23.08.

Oil prices were up over 1% on Friday over supply fears after reports that Germany could consent to an embargo on Russian hydrocarbon products, while ongoing COVID-19 measures in China limited further increases.

International benchmark Brent crude was trading at $108.87 per barrel for a 1.50% gain, while US benchmark West Texas Intermediate (WTI) was at $106.53 – a 1.11% rise.

ANKARA

Major indices in the US stock market opened lower on Friday after Amazon’s post-earnings plunge.

The Dow Jones industrial average was down 126.2 points, or 0.37%, to 33,790 at 9.37 a.m. EDT (1337GMT). The S&P 500 fell 37.80 points or 0.88% to 4,249.

The Nasdaq declined 108.21 points, or 0.84%, to 12,763.

The VIX volatility index, known as the fear index, was down 1.17% to 29.64. The dollar index slipped 0.37% to 103.28

Precious metals were mix, with gold adding 0.73% to $1,905 per ounce and silver falling 0.43% to $23.08.

International benchmark Brent crude was trading at $108.87 per barrel for a 1.50% gain, while US benchmark West Texas Intermediate (WTI) was at $106.53 – a 1.11% rise.