Stock Market Today: Stocks Close Out Worst April in Years With Another Slide

Negative earnings reactions for mega-caps Amazon.com and Apple weighed on broader markets today.

amazon package on wood floor
(Image credit: Getty Images)

U.S. stocks finished both the day and the month on a down note as a fresh round of earnings forecasts from companies only added to investors' laundry list of concerns.

Last night, Amazon.com (AMZN, -14.1%) said first-quarter revenue rose 7% on a year-over-year basis – the slowest pace in 20 years – to $116.4 billion, just shy of the consensus estimate. AMZN also offered lower-than-expected Q2 revenue guidance due to forex headwinds and the company's plan to move this year's Prime Day to July from June.

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Disclaimer

Karee Venema was long AAPL as of this writing.

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. 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.