U.S. equity markets were under pressure Friday as investors dissected another batch of earnings that included Amazon’s blowout quarter

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33904.45 -155.91 -0.46%AMZN AMAZON.COM, INC. 3,499.36 +28.05 +0.81%SP500 S&P 500 4188.58 -22.89 -0.54%

The Dow Jones Industrial Average was lower by 151 points, or 0.44%, while the S&P 500 and the Nasdaq Composite were weaker by 0.53% and 0.73%, respectively. Both the S&P and the Nasdaq finished at record highs on Thursday after data from the Commerce Department showed the U.S. economy grew faster than expected during the first three months of the year. 

AMAZON SALES TOP $108 BILLION

Ticker Security Last Change Change % AMZN AMAZON.COM, INC. 3,500.13 +28.82 +0.83%

In stocks, Amazon Inc. reported quarterly sales surged 44% year over year as consumers continued to shop from home amid the pandemic. The company’s second-quarter sales guidance exceeded Wall Street estimates. 

AMAZON PRIME DAY GETS NEW DATE

Twitter Inc. shares were sharply lower after the social-media company reported daily active user totals that fell short of analysts’ expectations and provided disappointing revenue guidance for the current quarter.

Ticker Security Last Change Change % TWTR TWITTER, INC. 56.13 -8.90 -13.69%

Elsewhere in tech, Apple Inc. distorted competition in the music streaming market, the European Union said Friday in a preliminary ruling. The tech giant, which could face a fine of as much as $27 billion, must respond to the EU in writing or at an oral hearing.    

Ticker Security Last Change Change % AAPL APPLE, INC. 132.34 -1.14 -0.85%

Meanwhile, Chevron Corp. announced quarterly profit fell 29% versus last year as winter storms resulted in reduced production and lower margins. The company also suffered as asset and tax benefits realized a year ago were no longer applicable. Exxon Mobil also reported posting $2.7 billion in the quarter, reversing a $610 million loss during the same period a year ago. 

Ticker Security Last Change Change % CVX CHEVRON CORP. 103.78 -3.21 -3.00%XOM EXXON MOBIL CORP. 57.80 -1.21 -2.04%

Clorox Co. reported mixed quarterly results and trimmed its fiscal 2021 earnings forecast due to higher manufacturing, commodity and logistics costs. 

Ticker Security Last Change Change % CLX CLOROX 180.46 -5.24 -2.82%

On Saturday, the Warren Buffett-led Berkshire Hathaway Inc. will hold its annual shareholder meeting with investors on the lookout for the company’s succession plans. 

Ticker Security Last Change Change % BRK n.a. n.a. n.a. n.a.

In commodities, West Texas Intermediate crude oil fell $1.41 to $63.60 per barrel and gold ticked up $1.30 to $1,769.60 per ounce. 

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Overseas markets were mostly lower.

In Europe, France’s CAC 40 slid 0.09% while Britain’s FTSE 100 and Germany’s DAX 30 rose 0.3% and 0.33%, respectively. 

Asian markets finished weaker across the board with Hong Kong’s Hang Seng index falling 1.97%, Japan’s Nikkei 225 declining 0.83% and China’s Shanghai Composite sinking 0.81%. 

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