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MEXICO – Wall Street had another frightening day on Friday and this time, the fault was in part the largest online retailer in the United States, Amazon.
Amazon's shares fell to 9.74% on the NYSE after their sales forecasts failed to meet Wall Street targets, raising fears that the expansion online retailer is losing momentum. At closing, the shares fell 7.82%.
Despite Amazon made a profit Record-breaking prospects and weaker-than-expected outlooks highlight concerns that investors may be too euphoric about high-priced stocks.
"The technology is incredibly poor," he said. CNN Nicholas Colas, co-founder of DataTrek Research. "Technology had a price for perfection, but we live in an imperfect and increasingly unpredictable world."
The third quarter results released on Thursday mark the second time that billionaire company Jeff Bezos has failed to meet the high sales targets set by Wall Street. The report also triggered aftershocks in the global stock markets.
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The sale of technology stocks was extended to the other indices, the Dow Jones and the S & P 500.
The Nasdaq index, quoted by Amazon, fell 2.07% to 7,167 units, the Dow Jones lost 1.19% to 24,688 and the S & P 500 1.73% to 2,658 points .
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Markets are beginning to slow economic growth and earnings growth as the bull market and economic cycle end. Measures to revive tax cuts will eventually fade and interest rate increases by the Federal Reserve may also slow growth. Investors are also concerned that the economy remains under pressure from slowing global growth and trade wars.
Oil
Oil prices rose, cutting losses this week, after several sessions marked by questions about the consequences of US sanctions against Iran and the strength of global energy demand.
WTI light crude for December delivery rose 0.49 percent to $ 67.66 per barrel while Brent crude in the North Sea rose 1.11 percent to 77.74 bps. Bloomberg.
After many months of concern over the lack of supply before the US sanctions against Iran, which will come into effect Nov. 4, the oil market is beginning to worry about the lack of oil supplies. a possible over-supply and stocks are increasing in many parts of the world.
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