A look at Friday morning’s market action
Amazon shares were down more than 5 per cent in premarket trading while Alphabet stock slid more than 4 per cent. Apple shares fell roughly 3 per cent ahead of the North American opening bell.
Overseas, the pan-European STOXX 600 fell 0.18 per cent in morning trading. Britain’s FTSE 100 edged up 0.19 per cent. Germany’s DAX and France’s CAC 40 were off 0.64 per cent and 0.30 per cent, respectively.Commodities The day range on Brent was US$81.45 to US$82.62 early Friday morning. The range on West Texas Intermediate was US$75.16 to US$76.31.“Outside of this week’s realization that much more oil is available on the market than most had assumed, the economic supply and demand variable ultimately upended the China rally cart,” Stephen Innes, managing partner with SPI Asset Management, said.
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