AM Report 30 Jul 18: US Growth meets expectations, while tech stocks disappoint

US sharemarkets fell on Friday with technology weaker after a number of company earnings results failed to meet expectations. After releasing earnings results, shares in Intel fell by 8.6% while Twitter lost 20.5%. But shares in Amazon rose by 0.5% after hitting record highs in the session. The Dow Jones index fell by 76 points or 0.3% with the S&P 500 index down by 0.7% and the Nasdaq index lost almost 115 points or 1.5%. Over the week the Dow rose 1.6%, the S&P 500 rose 0.6% and the Nasdaq lost 1.1%. 

 

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