Tag AAPL

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Wall Street closed lower on Friday after a report of slowing U.S. labor market growth, and all three major indexes posted weekly losses as investors braced for more possible downside surprises a day after disappointing earnings from Apple. Apple's shares fell 4.8%, its biggest daily percentage decline since Sept. 29, 2022 that dented the S&P 500 by about 16 points the day after the iPhone maker forecast a continued slide in sales. A partial counterweight to Apple for the S&P 500 and Nasdaq was Amazon.com...

Apple sales fall 1% in the fiscal third quarter and the iPhone giant says it expects a similar performance in the current period, Amazon beats earnings expectations and issues better-than-expected guidance, and Icahn Enterprises slashes its quarterly dividend...

While the main benchmarks made modest moves after the monthly jobs report, AMZN stock popped on impressive earnings and an upbeat outlook. Friday marked another lackluster reaction from stocks to a key economic report, though this morning's weaker-than-expected jobs data put more support behind a pause at the next Fed meeting. Still, while the main benchmarks made modest moves, there were plenty of fireworks among single stocks – including in Amazon.com (AMZN), which spiked on a solid earnings r...