Amazon, Apple Weigh on Stocks, Rate Hike Hopes Underpin Euro

Amazon, Apple Weigh on Stocks, Rate Hike Hopes Underpin Euro
A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, N.Y., on June 28, 2021. Andrew Kelly/Reuters
Reuters
Updated:

LONDON—Amazon and Apple earnings took the froth out of U.S. stock futures and world equities on Friday, though the euro held near one-month highs on euro zone rate rise hopes.

Amazon.com reported a slump in profit after the bell on Thursday that it expects will continue through the holiday quarter, as higher pay to attract workers and other operational disruptions diminish the company’s windfall from online shopping.