LIVE MARKETS-Wall Street stocks edge lower as Apple drops, yields rise
Reuters2026/07/31 14:41Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
WALL STREET STOCKS EDGE LOWER AS APPLE DROPS, YIELDS RISE
Major U.S. stock indexes are lower to little changed in choppy early trading on Friday, with Apple AAPL.O shares down more than 9% following a disappointing forecast and U.S. benchmark yields at their highest level since January 2025.
Offsetting the day's weakness is a rally in Amazon.com AMZN.O shares. Amazon is up about 14% after its cloud sales growth reinforced investor confidence in its massive AI spending.
The forecast from Apple, which reported quarterly results after the closing bell on Thursday along with Amazon, showed that the iPhone maker was struggling to secure enough components.
Tech .SPLRCT is among the biggest sector drags on the S&P 500, while consumer discretionary .SPLRCD is leading gainers.
Yields US10YT=RR have risen this week even though the Federal Reserve stood pat on interest rates on Wednesday. Worries about inflation have kept investors wondering how soon the Fed may raise rates. Higher yields mean higher borrowing costs for consumers and businesses.
Here is the early snapshot:
(Caroline Valetkevitch)
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EARLIER ON LIVE MARKETS:
THE BREADTH TRADE'S LATEST PLOT TWIST: BIG TECH ROARS BACK CLICK HERE
HOW BOND VIGILANTISM CAN HIT STOCKS CLICK HERE
HALF-TIME IN EUROPE: SLOWING MOMENTUM CLICK HERE
AI BULLS AND BEARS CLICK HERE
WINNERS AND LOSERS OF THE YEAR SO FAR CLICK HERE
RECORDS ALL AROUND CLICK HERE
EUROPE BEFORE THE BELL: GRINDING HIGHER AT MONTH-END CLICK HERE
YEN SINKS AS BOJ HOLDS - AND IT'S THE KOSPI'S BEST DAY CLICK HERE
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