Nation and World News

top news | u.s. | world | business | sports | health | tech | arts | search AP |
Jul 25, 4:19 PM EDT

Disappointing results at Visa, Amazon hurt stocks

AP Photo
AP Photo/Mark Lennihan
Business Video

Latest Market News
How the Dow Jones industrial average did Thursday

Worries about US consumers drag stocks lower

Visa and Amazon are big market movers

Berkshire Hathaway 2Q profit jumps 41 percent

Procter & Gamble to slim down product lineup

Chevron 2Q profit up on asset sales, oil prices

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- The stock market is ending lower after Visa and Amazon posted disappointing results.

The Dow Jones industrial average dropped 123 points, 0.7 percent, to close at 16,960 Friday. The Standard & Poor's 500 index fell nine points, or 0.5 percent, to end at 1,978. The tech-heavy Nasdaq composite dropped 22 points, or 0.5 percent, to 4,449.

Amazon's stock slumped $34.60, or 9.6 percent, to $324.01 after the online retail giant posted a wider loss than analysts had forecast. The stock slid the most in the S&P 500 index.

The Dow was dragged down by Visa, which fell $7.97, or 3.6 percent, to $214.77. The credit card processing giant reported an 11 percent rise in quarterly profit but cut its full-year forecast on concerns about overseas growth.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.