• US stocks slip as weak Amazon sales outlook highlights growth challenges for tech giants

    1 month ago - By Business Insider

    JOHANNES EISELE/AFP via Getty Images
    US stocks slipped on Friday as weak sales forecast from Amazon clouded the outlook for Big Tech.
    The PCE inflation gauge rose 0.5% in June, showing prices continued to rise amid supply chain distortions.
    The yield on the 10-year Treasury note was 1.231%, down by 3.8 basis points.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
    US stocks closed lower on the last trading day of the month, as a weak sales forecast from Amazon clouds the outlook for technology stocks. After the close on Thursday, Amazon reported quarterly earnings...
    Read more ...