Wall Street Preview: Blame It on Amazon and Starbucks
disappointing earnings from Amazon.com and Starbucks wiped out any chance of gains on Friday for the S&P 500 and Nasdaq.
U.S. stock futures were rising Monday, July 31, and European shares traded higher following a record closing high for the Dow Jones Industrial Average to end last week and ahead of a busy week for earnings reports, including a report from tech giant Apple Inc. on Tuesday, Aug. 1. The Dow finished Friday at 21,830, a record for its third day in a row. But disappointing earnings from Amazon.com Inc. (AMZN) - Get Report and Starbucks Corp. (SBUX) - Get Report wiped out any chance of gains on Friday for the S&P 500 and Nasdaq.
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