Behind AMZN's Blowout Earnings

All three indexes finished with weekly losses

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Schaeffer's Market Recap
4/30/2021
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Stocks Secure April Wins Despite Sour Ending


By: Laura McCandless

The Dow finished 185 points lower today despite a relatively upbeat batch of corporate earnings. The S&P 500 and Nasdaq fell as well, both sinking deeper into the red in the second half of the day. For the week, all three indexes finished in the red. For the month, however, all three benchmarks managed monthly gains, with the S&P 500 and tech-heavy Nasdaq in particular carving out a path of fresh record highs.

Aside from earnings, investors are also analyzing a slew of economic data. The March PCE price index added 0.5% for the month and 2.3% year-over-year, while the core PCE rose in both respects. Furthermore, March spending surged to a better-than-expected 4.2%, while personal incomes jumped 21.1%. 

Continue reading for more on today's market, including:

  • Amazon.com's big day also featured bull notes
  • This chip stock was a big post-earnings winner today.
  • Plus, MGPI's small-cap potential; TWTR's awful day; and Skyworks' trimmed forecast.  
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