Midnight Trader | Jul 25, 2014 04:23PM ET
Stocks fell Friday, with disappointing earnings results by bellwether firms like Amazon.com (NASDAQ:AMZN) and Visa (NYSE:V) keeping all of the major indices underwater.
All 10-industry sectors in the S&P 500 finished the session in the red, with consumer discretionary stocks taking the hardest hits after AMZN posted a larger-than-expected net loss during its June quarter and Starbucks Corporation (NASDAQ:SBUX) and Swift Transportation Company (NYSE:SWFT) warned future earnings may lag Wall Street expectations. Ongoing tensions in the Middle East and Ukraine also continued to weigh on equities, with Gold futures also rising in haven-shopping by investors.
Credit Card issurer Visa also fell after cutting its future guidance, with the Dow Jones Industrials Average component responsible much of the decline for the blue-chip index Friday. Visa Chief Executive Charles Scharf said he was "confident" headwinds now affecting the company will dissipate, although ""what we don't know is the timing."
Commodities were mixed, with Crude Oil for September delivery reversing small declines earlier Friday, settling with a 2-cent gain at $102.09 per barrel while August Natural Gas fell 7 cents to $3.78 per 1 million BTU. August Gold added $12.80 to settle at $1,303 per ounce while September Silver climbed 23 cents to finish at $20.64 per ounce. September Copper retreated 3 cents to end at $3.24 per pound.
h3 Here's Where The U.S. Markets Stood At Week's End/h3GLOBAL SENTIMENT
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