published on July 28, 2017 - 1:44 PM
Written by Associated Press

Stocks are closing mostly lower after Amazon and other big companies reported quarterly results that disappointed investors.

Tobacco stocks fell more than the rest of the market Friday after the U.S. government said it’s considering limiting the amount of nicotine in cigarettes. Altria plunged 9.5 percent.

Amazon lost 2.5 percent after its second-quarter profit fell far short of expectations as the company invested more money in its business.

Starbucks sank 9.2 percent after issuing a weak forecast. The company is also closing down its Teavana stores.

The Standard & Poor’s 500 index lost 3 points, or 0.1 percent, to 2,472.

The Dow Jones industrial average rose 33 points, or 0.2 percent, to 21,830, another record. The Nasdaq composite fell 7 points, or 0.1 percent, to 6,374.

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