Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
U.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown.
China securities official expected to lead Shenzhen stock exchange, Reuters reports
China is expected to appoint a senior securities official to head its second-largest bourse as the securities regulator reshuffled its leadership.
Japan’s Nikkei drops 5% to an 8-month low, Topix clocks worst day in 8 years as Asia markets fall
The gloomy sentiment in Asia markets comes after a sell-off on Wall Street, which saw all three major U.S. indexes plunge on recession fears.
Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Amazon CFO Brian Olsavsky told reporters after the company’s earnings report that “we do see different traffic patterns during those events.”
Biotech and more: Hold these growth stocks for the next 10 years, the pros say
Two stocks are waste management companies ramping up their waste-to-energy efforts, which one analyst says “could pay dividends over the coming decade.”
Dow closes down 600 points, Nasdaq enters correction after weak jobs report: Live updates
Stocks slid Friday as a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession.
Block reports better-than-expected earnings for second quarter
Block, formerly known as Square, reported better-than-expected earnings for the quarter even as revenue missed estimates.
Amazon’s cloud unit reports 19% revenue growth, topping estimates
Amazon Web Services grew sales by 19% in the latest quarter, expanding at a faster rate than its parent company.
CNBC’s Inside India newsletter: Can India’s hot deal-making season extend to a free trade agreement?
India and the U.K. are motivated and see each other benefiting from a deal — but a number of key demands from both stand in the way of a quick agreement.
Investors should wait before chasing Meta here, according to the charts
David Keller breaks down the charts in the surging tech name.
