Crude Oil Down 2%; Amazon Shares Tumble After Q2 Results

Benzinga
2025.08.01 17:44
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U.S. stocks fell, with the Dow down 1.5%, NASDAQ down 2.38%, and S&P 500 down 1.76%. Amazon shares dropped 8% after reporting Q2 net sales of $167.7 billion, exceeding estimates. Oil prices fell 2% to $67.86. European and Asian markets also closed lower. U.S. construction spending declined by 0.4%, and the ISM manufacturing PMI fell to 48, missing estimates. Overall, the market showed signs of weakness amid disappointing earnings and economic indicators.