Equity Markets Mixed Ahead of Amazon Earnings

MT Newswires Live
07 Feb

US benchmark equity indexes were mixed ahead of Thursday's close as markets assessed the latest corporate earnings and awaited Amazon.com's (AMZN) results.

The Nasdaq Composite was up 0.2% at 19,726.8, while the S&P 500 rose 0.1% to 6,068.4. The Dow Jones Industrial Average fell 0.4% to 44,684.3. Among sectors, financials and consumer staples led the gainers, while energy posted the biggest drop.

Tapestry (TPR) and Ralph Lauren (RL) shares jumped after the luxury fashion companies raised their full-year revenue outlooks. Philip Morris International (PM) also gained. Honeywell International's (HON) shares fell following quarterly results with plans to split into three publicly listed entities.

E-commerce and technology giant Amazon is scheduled to report results after the closing bell, along with Fortinet (FTNT), Cloudflare (NET), and Take-Two Interactive Software (TTWO).

The US two-year yield was up 2.7 basis points at 4.21%, while the 10-year rate rose 2.2 basis points to 4.44%.

West Texas Intermediate crude oil fell 0.7% at $70.55 a barrel.

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