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U S stocks slip on Amazon disappointment, dollar bounces

Article content The dollar index rose 0.336%, and the firmer dollar pushed the euro down 0.28% to $1.1853. Oil prices kept their march higher, as investors bet that vaccinations would alleviate the impact of a resurgence in COVID-19 infections across the globe and keep demand growing faster than supply. U.S. crude rose 0.64% to $74.09 per barrel and Brent was at $76.35, up 0.39% on the day. Gold prices, which rose this week on hopes that bullion would be a good hedge against inflation given a dovish Fed, succumbed to slight profit-taking on Friday. A firmer dollar also weighed on the precious metal. Spot gold dropped 1.0% to $1,810.41 an ounce. U.S. gold futures fell 1.02% to $1,812.60 an ounce.

U S stocks slip, dollar has worst week in almost two months

U S stocks slip, dollar has worst week in almost two months
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

US stocks slip, dollar has worst week in almost two months | Money

Saturday, 31 Jul 2021 07:08 AM MYT The pan-European STOXX 600 index lost 0.45 per cent and MSCI’s gauge of stocks across the world shed 0.74 per cent.  Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. NEW YORK, July 31 US stocks dropped yesterday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood, while the dollar bounced from its lows but still suffered its worst week in nearly two months. After making record profits during the pandemic, Amazon said late on Thursday that its sales growth would slow in the next few quarters as people ventured outside their homes post-pandemic and reduced online shopping.

Dollar higher but still set for biggest weekly loss since May

Dollar higher but still set for biggest weekly loss since May
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Dollar higher but still set for biggest weekly loss since May

Dollar higher but still set for biggest weekly loss since May
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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