U.S. stock exchanges closed negative on weak corporate reports

The main U.S. stock indexes fell on Friday amid negative financial reports of leaders of the high-tech sector. At the end of trading, the Dow Jones fell by 0.38%, the S&P 500 - by 1.04%, NASDAQ - 1.59%.

Amazon posted its biggest loss ever in 2022, according to investing.com. The company's net income in the fourth quarter reached its lowest level in 9 years. On this data, its shares fell more than 8.4%.

Alphabet's net income, according to tssonline.ru, in the fourth quarter showed the worst results in the last four trimesters - it declined by 34%. At the end of 2022, the figure was down 21% compared to 2021. As a result, shares of the corporation fell by 2.75% at closing.

Apple's financial performance was also below expectations, although its shares were still on the rise.

According to Swissquote Bank's lead analyst Ipek Ezkardeska, cited by investing.com, given Microsoft's weak report late last month, it is unlikely that the NASDAQ will hold the upward momentum.