Stock Market Today: Stocks Retreat After Amazon Revenue Miss

The major indexes all logged solid July gains, though, with the S&P 500 bringing its monthly win streak to six.

amazon sign
(Image credit: Getty Images)

The major market indexes ran out of steam on the last day of a strong month, dragged down by a second-quarter revenue miss from e-commerce giant (AMZN, -7.6%) and rising concerns over the spread of the delta variant of COVID-19.

Wall Street also weighed the latest round of economic data, which showed personal income and spending rebounding in June (+0.1% and 1.0%, respectively), while the personal core expenditures (PCE) index – the Federal Reserve's preferred measure of inflation – rose a slimmer-than-expected 0.4% month-over-month.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.