On the corporate front, Facebook (FB), the social networking giant, posted an in-line quarterly profit after Thursday's closing bell that failed to impress Wall Street. The company didn't provide an outlook and the stock dropped nearly 12% on the day, hitting new all-time lows for its brief time as a public company.
Amazon.com (AMZN), the online retailer, delivered mixed second-quarter results after the market closed Thursday. The Seattle-based company reported a profit of $7 million, or 1 cent a share, on revenue of $12.83 billion. The latest results included a net loss of $65 million related to the acquisition and integration of Kiva Systems.
Analysts were expecting second-quarter earnings of 2 cents a share on revenue of $12.88 billion. The stock gained nearly 8% on the day.
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