MARKET PULSE-Amazon, Bank of America, Echo Global, SPS Commerce
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks fell on Friday as a number of bellwether names, including Amazon and Ford, fell following their quarterly results, overshadowing positive numbers from Microsoft. The Dow Jones industrial average was down 0.89 percent at 16,355.33, the S&P 500 was down 0.88 percent at 1,862.05 and the Nasdaq Composite was down 1.78 percent at 4,074.698.
** AMAZON.COM INC'S, $306.66, -9.04 pct
The e-commerce company's shares fell on Friday after analysts raised concerns on the company's spending on technology, content and new warehouses. At least 13 brokerages cut their price targets on the stock.
At least a dozen brokerages cut their price targets on the stock.
** BANK OF AMERICA CORP, $15.965, -2.30 pct
The U.S. Department of Justice is asking BofA to pay more than $13 billion to settle allegations the bank overstated the quality of mortgage bonds it sold during the housing bubble, according to Bloomberg News.