📆 Friday, August 4
► US stocks are mixed and Treasury bonds fluctuate ahead of key US employment data (Non Farm Payrolls) that could change rate hike expectations.
► The S&P 500 & Nasdaq 100 indices are set to recover slightly from their biggest weekly decline since March, boosted by a 9% gain in Amazon's shares after robust results. This increase was offset by a 1.5% decline in Apple shares due to lower-than-expected revenue from a slight disappointment in iPhone sales.
► Amazon's Q3 forecasts indicate a 9%-13% year-over-year increase in net sales and a significant rise in operating income. Q2 results exceeded expectations with an 11% increase in net sales and a profitable turnaround from a net loss last year. Amazon also highlighted the increased delivery efficiency for U.S. Prime members and the key role of generative AI.
Subscribe to see more
