Crude Oil Down 2%; Amazon Shares Tumble After Q2 Results – Amazon.com (NASDAQ:AMZN), Alphatec Holdings (NASDAQ:ATEC)

U.S. stocks traded lower midway through trading, with the Dow Jones dipping around 1.5% on Friday.

The Dow traded down 1.46% to 43,488.38 while the NASDAQ dipped 2.38% to 20,620.55. The S&P 500 likewise fell, dropping, 1.76% to 6,227.60.

Examine This Out: Leading 2 Danger Off Stocks That Might Keep You Up In The Evening This Month

Leading and Lagging Sectors

Customer staples shares leapt by 0.9% on Friday.

In trading on Friday, customer discretionary stocks dipped by 3.4%.

Leading Heading

Shares of Amazon.com Inc. AMZN fell around 8% on Friday after the business reported second-quarter monetary outcomes.

Amazon reported second-quarter net sales of $167.7 billion, up 13% year-over-year. The net sales amount to beat a Street agreement price quote of $161.9 billion according to information from Benzinga Pro.

Equities Trading UP

• Tenon Medical, Inc. TNON shares soared 75% to $1.7500 after the business revealed the acquisition of sacroiliac joint‑specific properties from SiVantage.
• Shares of Performant Health Care, Inc. PHLT got an increase, rising 114% to $7.59 after Machinify consented to obtain the business for $670 million.
• Alphatec Holdings, Inc. ATEC shares were likewise up, acquiring 26% to $13.36 after the business raised its FY 2025 sales assistance above price quotes.

Equities Trading DOWN

• Fluor Corporation FLR shares dropped 31% to $39.35 after the business reported second-quarter outcomes listed below price quotes and decreased its FY25 changed EPS assistance.
• Shares of Silexion Therapies Corp SLXN were down 35% to $9.75 after the business revealed workout of warrants for $1.8 million gross earnings.
• Insperity, Inc. NSP was down, falling 23% to $45.98 after the business reported worse-than-expected quarterly monetary outcomes and provided weak assistance.

Products

In product news, oil traded down 2% to $67.86 while gold traded up 1.4% at $3,396.30.

Silver traded up 0.6% to $36.945 on Friday, while copper increased 1% to $4.3995.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.79%, while Spain’s IBEX 35 Index dipped 1.83%. London’s FTSE 100 fell 0.80%, Germany’s DAX 40 decreased 2.36% and France’s CAC 40 fell 2.73% throughout the session.

Asia Pacific Markets

Asian markets closed lower on Friday, with Japan’s Nikkei 225 falling 0.66%, Hong Kong’s Hang Seng falling 1.07%, China’s Shanghai Composite dipping 0.37% and India’s BSE Sensex falling 0.72%.

Economics

• U.S. building and construction costs decreased by 0.4% from the previous month to an annualized rate of $2.136 trillion in June.
• The ISM production PMI decreased to 48 in July compared to 49 in June, missing out on market price quotes of 49.5.
• The University of Michigan’s customer belief index slipped to 61.7 in July compared to the initial reading of 61.8.
• The S&P Worldwide production PMI was modified greater to 49.8 in July versus an initial reading of 49.5.

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