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.


e-Newsletter Signup

Our weekly poll

Do you agree with Gov. Newsom's decision to tighten lockdown restrictions?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY