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The three major U.S. stock averages in midday trading Friday recovered some of their losses from earlier in the session.
The S&P 500 dipped 0.4%, The Dow industrials were little changed while Nasdaq Composite eased just 0.3%
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Marketwatch:https://t.co/6tYeabA7je: Shares fell 3.5% in premarket
Alphabet: Google's parent company shares fell 3.1%
Apple: Shares wobbled 1.5% lower
Nordstrom: Shares jumped 28% premarket#Trending #stocks pic.twitter.com/PqYb6oQ5Tx— The_Journalbiz (@the_journalbiz) February 3, 2023
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Amazon.com: Shares fell 3.5% in premarket trading after the mega-cap tech company signaled that the difficult economic environment was hurting its cloud-computing business, which has long been a profit driver.
Alphabet: Google’s parent company said that ad revenue fell in the fourth quarter, marking only the second time ad sales have fallen since Google became a publicly traded company in 2004. Class A shares fell 3.1% before the opening bell.
Apple: Shares wobbled before the opening bell, and recently stood 1.5% lower, after Apple reported its first quarterly revenue decline in nearly four years, as manufacturing disruptions in China curbed its ability to deliver premium iPhones.
Nordstrom: Shares jumped 28% premarket after The Wall Street Journal reported that activist investor Ryan Cohen is amassing a sizable stake in the retailer.
*Cigna, Cboe Global Markets, and Regeneron Pharmaceuticals are among the companies reporting Friday.
