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Wall Street trips as Amazon tumbles; indexes slip for week

Started by riky, April 26, 2014, 09:00:22 AM

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riky

Wall Street trips as Amazon tumbles; indexes slip for week

<p><a href="http://news.yahoo.com/futures-fall-ukraine-offsets-microsoft-113111935--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/UJBq5Kq5xgOOSOfCfmfqvA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-25T143310Z_3_CBREA3N199L00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks dropped on Friday, pulled lower by a selloff in consumer discretionary stocks as bellwether names Amazon.com and Ford Motor fell in the wake of their quarterly earnings. Amazon was the S&amp;P 500's worst performer, down 9.9 percent to $303.83, and other high-flying sectors dropped along with it. Social media names slid, with Twitter losing 7.1 percent to $41.61, and the Nasdaq Biotechnology Index falling 2.4 percent as investors once again shied away from riskier sectors. Amazon's stock declined a day after the company reported a jump in quarterly revenue, which was offset by sharp increases in spending.</p><br clear="all"/>

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