Apple and Amazon earnings reports

Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) earnings report

Thursday has been a negative day for Wall Street.

The three big US indexes closed the session as follows:

The S&P 500 fell 0.25%, marking its third straight consecutive day of decline.

The Tech-heavy Nasdaq Composite dropped 0.10%.

The Dow Jones closed with a loss of 0.19%.

Aftermarket, Amazon and Apple reported earnings results for the second quarter.

Amazon

Amazon's revenue grew 11% to $134.2 billion, driven by a 12% surge in its cloud segment and strong e-commerce growth.

Both revenue and profit surpassed the analysts’ expectations.

The tech giant's Q3 projections are promising because Amazon is planning to grow at a similar pace by projecting to double same-day delivery facilities and reach strong sales results on Prime Days.

Following yesterday's earnings report, Amazon’s shares rose by about 10% in after-hours trading.

Apple

Apple's earnings per share of $1.26 have beaten the analysts' expectations of $1.20.

Total revenue of $81.8B has also shown better-than-expected data.

Apple has reached a new all-time high of $21 billion in sales in its service unit, thanks to the over one billion customers that have subscribed to Apple Music and TV as well as buying in the App Store.

iPhone iPad and Mac sales, however, dropped for the third quarter in a row, but Tim Cook is pleased to see strong sales in emerging markets.

In after-hours trading, Apple's shares are going down.

Today's events to watch

The US non-farm payrolls for July will be published at 13:30 GMT+1.

At the same time are going to be released the average hourly earnings and the unemployment rate.

Crucial data to understand the labour market conditions and to have a clue regarding the Federal Reserve's next move.

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