Amazon shares dropped sharply premarket after the e-commerce behemoth’s results pointed to slowing digital sales
Futures are down, with technology shares leading the way, suggesting that the S&P 500 may slip to end the week on its way to close out its sixth straight month of gains.slowing digital salesPinterest fell 20% ahead of the bell, after the online sharing platform said its monthly average users in the U.S.Zendesk investors might need to say “om” a few times today.
Procter & Gamble shares nudged up 1.3%. The maker of Pampers diapers and Tide detergent posted sales gains in almost every business unit in the most recent quarter, though growth slowed and profit margins tightened as the company spent more to make and deliver its products. Gilead Sciences swung to a profit in the second quarter as revenue increased 21% driven by higher demand. But the biopharmaceutical company was down 1.7% premarket nonetheless, perhaps swept up in the morning’s bearish mood.
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