Facebook Drops 10%; Amazon Gains 2% - Adviser Investments

Facebook Drops 10%; Amazon Gains 2%

Megan Higgins, manager at Adviser Investments, has the market analysis for Wednesday, July 25. The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite rose 0.7%, 0.9% and 1.1%, respectively, on encouraging news of a trade agreement between the U.S. and the European Union. Despite those gains, ongoing tariff negotiations continue to impact U.S. markets; today, we saw declines for automakers Ford Motor, Fiat Automobiles, Chrysler and General Motors. Facebook’s plummet was arguably the biggest news of the day—falling more than 10% on disappointing quarterly earnings. On the other hand, Amazon gained nearly 2% in anticipation of Thursday’s earnings call. Tomorrow, we’ll be watching for reports from Starbucks, Comcast and McDonald’s.

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