On Thursday, Wall Street finished out its biggest month in over 30 years.
Shares of Amazon fell 4.6% in premarket trading after the technology giant warned that it planned to spend all of itson dealing with the coronavirus pandemic. "If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small," Amazon CEO Jeff Bezos said in a press release announcing its first quarter results. The company did beat Wall Street estimates for revenue for its first quarter but missed on profits. Amazon rallied nearly 27%.
It was the third-biggest monthly gain for the S&P 500 since World War II. The Dow had its fourth-largest post-war monthly rally and its best month in 33 years. The S&P 500 rose 12.7% in April and the Dow gained 11.%. The Nasdaq Composite closed 15.5% higher for April, logging in its biggest one-month gain since June 2000. —U.S. equity futures fell on Friday and pointed to sharp losses at the open, dragged down by technology earnings.
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