US Stocks Fall Before Amazon, Apple Add to Woes: Markets Wrap
- Investors digested earnings from major companies this week
- Earlier, the ECB lifted its policy rate by 75 basis points
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Wall Street contended with another volatile session as investors mulled the Federal Reserve’s path of interest-rate hikes while assessing mixed economic data and a slew of earnings reports.
Amazon.com Inc. plunged after hours as its sales forecast trailed estimates. Shares of Apple Inc. struggled for direction postmarket after it reported weaker-than-expected iPhone and services sales in its latest quarter.