Apple sales decline while Amazon thrives
Apple's sales are going are down but making up for it with money coming in from other services while Amazon is doing better than expected with ad sales and overall profits.
European market
In Europe, the market in Germany seemed a bit unsure, but the Germany 40 and France 40 have been slowly increasing.
Asian market
In Asia, stocks recovered a little bit, but renewable energy stocks went down because of worries about the U.S.'s lowered credit rating.
The Dow, S&P, and NASDAQ
The Dow, S&P, and NASDAQ all went down, and investors are waiting for the jobs report to decide what to do next. Traders are watching for clues about what the Federal Reserve will do next, with expectations that 200,000 jobs were added in July and the jobless rate stayed the same at 3.6%.
Apple
People are backing away from the USD as they wait for economic information. Apple's sales have now gone down for four quarters in a row, especially iPhone sales.
Amazon
On the other hand, Amazon's shares have gone up a lot because their sales and profits were even better than people expected.
Qualcomm
However, Qualcomm's stock went down because there are signs that smartphone sales are going down, and they make the chips that go into smartphones. WPP, which is the biggest advertising group in the world, is expecting slower growth because some of their big-tech clients aren't spending as much money.
Commerzbank
Commerzbank made 20% more profit in the second quarter, but Credit Agricole did even better than expected because of how well their insurance and consumer finance parts did.
The markets in Europe started off hesitantly, but the France 40 and Germany 40 are going up a little bit.
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