U.S. stock futures fell Friday, with the tech-heavy Nasdaq set to open down 1% as Amazon and Apple sank in the premarket.
to increase 5.3% year over year. That's would be slightly lower than February's 5.4% advance, which was the largest rise in nearly 40 years.Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016.weaker-than-expected first-quarter
earnings and lower forward guidance. Revenue for the quarter increased 7% year over year to $116.4 billion, basically matching expectations. That was the slowest sales rise for any quarter since the dot-com bust in 2001 and the second straight quarter of single-digit percentage growth. The Amazon Web Services cloud unit was once again strong. But not strong enough to carry the e-commerce side of the business, which saw3. Apple drops after warning of a massive hit due to supply constraintsTim Cook, chief executive officer of Apple Inc., speaks during the Peek Performance virtual event in New York, U.S., on Tuesday, March 8, 2022.
Apple fell 1% in Friday's premarket, the morning after warning that supply constraints related to Covidby between $4 billion and $8 billion in its fiscal third quarter. The guidance overshadowed strong fiscal second-quarter results, including earnings, revenue and gross margin beats. While analysts were looking for a little bit more out of the Services segment, it nonetheless reported record revenue. Products sales saw a March-quarter record. Investors also got a 5% dividend increase and a4. Musk sells around $4 billion of Tesla shares as he moves to buy Twitter
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