The S&P 500 index fell 0.4% last week — weighed down by the consumer discretionary and communication service sectors — but the market benchmark still locked in at 2.3% gain for the month of July. The weekly move was slight, as investors struggled to reconcile quarterly earnings reports that have been coming in largely better than expected against concerns that the economic recovery might be slowing — especially amid impacts from the Delta variant of COVID-19.
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Amazon Stock Sell-Off After Q2 Revenue Results Were Released – Daily Flash Briefing