Wyllian Capucci
30/07/2021
The wave is over
The winning streak of Amazon.com Inc. came to an abrupt end on Thursday,when the retail giant reported sales and gave a forecast that was belowexpectations. Investors overlooked better-than-expected earnings and a strongperformance in the company’s advertising and cloud units, and focused onslow growth in the core e-commerce business. It was the first time that theAmazon has lost quarterly sales estimates since 2018, and that happens laterthat Jeff Bezos stepped down as CEO earlier this month. Shares fell in the pre-marketfrom the USA. Meanwhile, Apple Inc. hit the bond market on Thursday with asale of $6.5 billion to help fund the share buyback
Hard start
Robinhood Markets Inc., the name synonymous with meme-stock mania, failed to raise muchenthusiasm for its IPO as the online brokerage published the worst debut evertimes for an offer of your size. Stocks plummeted almost immediatelyafter opening at $38, closing at $34.82 on the day. Failure raises doubts aboutthe company’s long-term prospects, mainly because its relationshipwith users it seems tense. Still, some of the early investors gotsurprising returns, and there was at least one big name buyer: CathieWood, whose exchange-traded ARK Innovation fund bought nearly 1.3 million ofactions.
Delta blues
News and reports suggest that the delta variant is more infectious and may causediseases more serious than previous strains of the virus, potentially claimnew federal and state restrictions on assembly. President Joe Biden will demand that thefederal officials prove they have been vaccinated or wear masks and submit tofrequent tests. Japan has expanded the state of emergency to areas aroundTokyo and extended it until the end of August, when a record virus outbreak unfolded.in the midst of the Olympics. In the UK, companies say there are signs that the“pingdemic” of workers who must isolate themselves is starting to decrease asthat infection rates drop from the previous week.
Market crash
Global equities are down as Big Tech’s growth slowsand the risks of China’s regulatory crackdown weigh on the mood. During the night, theMSCI Asia Pacific index fell 1%, while Japan’s Topix index fell 1.4%. In Europe,the Stoxx 600 Index was 0.5% lower at 6:28 am EDT. The S&P 500 Futuresfell, the 10-year Treasury yield was at 1.24%, gold rose and oildropped down.
Coming
Personal income and personal expenses data arrive at 9:30 am, followed by the index ofUniversity of Michigan consumer sentiment at 11am. It’s another busy day ofearnings with Procter & Gamble Co., Exxon Mobil Corp. and Abbvie Inc. among the companiesthat report
Source:https://wintrademarkets.com/
