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Stock impact report

Markets Close April Lower Ahead of Fed, Q1 Earnings [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This is thanks to a session which ends the month of April profoundly down: the Dow lost -570 points, -1.49%, the Nasdaq -325 points or -2%, the S&P 500 fell -1.57% and the small-cap Russell 2000 was down -1.76%. All four indices hit session lows at the closing bell. Anticipating more hawkishness from the Fed tomorrow looks to be part of this equation, as stronger-than-expected economic numbers continue to push the rate-cut scenario farther out. This morning, we saw Case-Shiller home price figures grow +7.3% for February. This is the highest print since October of last year, and month-over-month growth of +0.9% is the strongest in eight months. Normally, this would be treated as good news by the stock market — with 19 of 20 cities showing home price growth for the month (only Tampa was lower), led by San Diego at +11.4%, followed by a tie with Chicago and Detroit at +8.9% — but not when we're looking for inflation to be on the wane. Then again, this is data from a couple months in ar Show less Read more
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