The major US stock indices are closing sharply lower in at session lows.
- The S&P index fell at -68.23 points or -0.99% at 6822.36.
- Dow industrial average fell 109 88 points or -0.22% at 47522.12
- NASDAQ index fell -377.33 points or -1.57% at 23581.14.
Meta shares fell sharply today after announcing higher AI costs. Shares fell $-85.20 or -11.33%.
Amazon has announced their earnings after the close and beat on the top and bottom lines.
- EPS $1.95 versus $1.57 expected
- Revenues $180.2 billion versus 178 would 0 $8 billion expected
- Q4 sales you 206 – $213 billion expected to $208.1 billion
- AWS sales came in at 33 billion versus 32.4 billion expected
- Shares are up around 10% at $245
In other news Netflix announced a 10 for 1 stock split. Netflix shares closed at $1089
