Stocks struggle as corporate earnings season ramps up [MSN Money]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: MSN Money
Shares of Amazon hit an all-time high Monday to lead large-cap tech stocks higher, while the broader stock market struggled for gains as the corporate earnings season kicked into full swing. Load Error Amazon rose 0.7 percent as Prime Day got under way. Sales during last year's Prime Day surged 60 percent and reached a record. Cowen analyst John Blackledge said in a note he expects another record year for Prime Day in 2018. Amazon extended Prime Day '18 to 36 hours and is available in 4 add'l countries, including WFM locations, and will feature more than a million deals globally. Beyond adding further revenue/GMV, Prime Day is a key driver of Prime subs, which we view as the core driver of LT eCommerce growth, he said. Facebook and Apple rose, while Netflix jumped ahead of earnings. The major stock indexes, meanwhile, chopped around the flatline as some of the largest U.S. companies released their quarterly results. The Dow rose just 10 points. The S&P 500 fe
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