The pan-European STOXX 600 index lost 0.45% and MSCI's gauge of stocks across the world shed 0.74%.Amazon shares slumped 7.6%, dragging the tech-focused Nasdaq Composite down 0.7%. That fed profit-taking elsewhere, with the S&P 500 losing 0.5%. The Dow Jones Industrial Average shed 0.4%. Both the S&P 500 and the Dow struck record highs on Thursday.
NEW YORK: U.S. stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood, while the dollar bounced from its lows but still suffered its worst week in nearly two months.
After making record profits during the pandemic, Amazon said late on Thursday that its sales growth would slow in the next few quarters as people ventured outside their homes post-pandemic and reduced online shopping.
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