Wall St opens lower as earnings weigh; Amazon tumbles

Bs_logoImage
Reuters NEW YORK
Last Updated : Jul 25 2014 | 7:51 PM IST

NEW YORK (Reuters) - U.S. stocks fell at the open on Friday following back-to-back record high closes on the S&P 500, weighed by declines in Amazon and Visa after the companies reported earnings.

The Dow Jones industrial average fell 90.71 points or 0.53 percent, to 16,993.09, the S&P 500 lost 6.93 points or 0.35 percent, to 1,981.05 and the Nasdaq Composite dropped 25.98 points or 0.58 percent, to 4,446.13.

Amazon was the largest decliner on the S&P 500, down nearly 12 percent.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 25 2014 | 7:09 PM IST