Fear of a peak on the stock market leads to red prices on Wall Street | Financial

The Dow Jones Industrial Average closed 0.4 lower at 34,935.47 points. The broad S&P 500 fell 0.5 percent to 4395.26 points and technology exchange Nasdaq fell 0.7 percent to 14,672.68 points.

Amazon ended up closing 7.6 percent lower. The group once again benefited greatly from home shopping consumers in the past quarter. However, the company expects the growth rate to slow down in the third quarter, now that stores have reopened and people can shop there instead of on the internet. Companies such as Shopify and eBay also fell to more than 7 percent.

Amazon was also fined 746 million euros by the Luxembourg privacy watchdog, the largest ever given in the European Union. Amazon allegedly violated strict data protection rules when collecting and using personal data. The company says the allegations are unfounded. Amazon therefore plans to appeal.

Pinterest’s share fell more than 18 percent. Of all the internet companies that have benefited from lockdowns, the picture site seems to be the first victim of the relaxation of corona measures. As a result, people are online less often. Pinterest had 454 million monthly active users in the second quarter, 24 million less than in the first three months of 2021.

Fruit and vegetable company Dole made an unsuccessful return to the stock exchange. The share ended 9.4 percent below the issue price on the first trading day. Dole was created in February when the fruit company of the same name merged with the Irish company Total Produce. The company had previously scaled down and postponed its IPO and was unable to sell all its shares.

Procter & Gamble was up 2 percent. The care and cleaning products group expects to grow less rapidly in the coming period than in the past quarters. At the same time, the company behind brands such as Gillette, Pampers and Ariel is struggling with rising prices for raw materials and transport, which affects its profits.

Industry colleague Colgate-Palmolive also came up with results. In addition, the company behind Colgate toothpaste, among others, became more cautious about profit growth. That was punished by investors with a price loss of almost 5 percent.

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