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U.S. Stocks Open Mixed After Amazon Reports Q1 Earnings
Major U.S. stock indices showed mixed performance after Thursday's market open, with the Dow Jones rising while the NASDAQ declined in some reports. Amazon reported first-quarter revenue and earnings that exceeded analyst estimates. Industrials led sector gains, while information technology stocks fell.
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U.S. stocks opened with mixed results on Thursday, as reports from multiple sources indicated varying movements in major indices.
The S&P 500 also advanced, up 30.64 points, or 0.43%, to 7,166.59 according to one source, but another report noted a smaller gain of 0.05% to 7,138.04. NASDAQ performance diverged across reports: one indicated a rise of 149.53 points, or 0.61%, to 24,822.77, while a separate account showed a decline of 0.18% to 24,628.73.
These discrepancies may reflect snapshots taken at slightly different times shortly after the market open.
Inc reported first-quarter revenue of $181.52 billion, surpassing the consensus estimate of $177.30 billion. The company posted quarterly earnings of $2.78 per share, beating analyst estimates of $1.66 per share. Amazon projected second-quarter revenue between $194 billion and $199 billion, above estimates of $188.87 billion.
Industrials shares increased by 1.5% on Thursday.
In contrast, information technology stocks decreased by 0.8%. One report highlighted shares of Huachen AI Parking Mgmt Tech Hldg Co Ltd as among those trading up, though specific details were limited. The earnings from Amazon followed the market close on Wednesday, contributing to the day's trading dynamics.
Overall, the mixed index performance came amid broader market reactions to corporate earnings and sector shifts.
