Wall Street investors take profit after strong April month | Financial

The S&P 500 index rose 5% in April, although the stock market fell 0.7% on Friday. The Dow Jones lost 0.5%, the Nasdaq was down 0.9%.

Twitter fell 15.2%. It thinks the solid growth in the number of users could slow as the corona crisis comes to an end. Investors also expected more from the revenue forecast.

Also Amazon rose but eventually lost 0.1%. The tech company posted a record profit. Amazon further indicated that it expects people who started shopping online during the corona crisis to continue to do so.

Apple tackled

Apple lost 1.5%. The iPhone maker faced an official complaint from the European Commission. The market watchdog believes that in the field of music streaming services, Apple is abusing its market power by companies such as Spotify (-2.1%) to use Apple’s payment service in the App Store and also charge a 30 percent commission.

In addition, the committee is concerned that other music streaming services are not allowed to say in their app that users can take out a cheaper subscription outside the App Store.

Tesla plus by 5%.

Oil price resonates

Oil companies Chevron (-3.6%) in ExxonMobil (-2.9%) processed rising oil prices and higher demand for chemicals now that the economy is picking up again. This resulted in strong free cash flow for both companies.

Pharmacist Gilead (-0.6%) suffered from the corona pandemic, which jeopardized regular health care and reduced drug sales. Gilead’s most important medicines against HIV and hepatitis C, among others, were sold less.

Restaurant Brands International (RBI) (+ 1.5%), the parent company of fast food chain Burger King, among others, was still severely affected by the impact of the corona crisis in the first months of the year. New lockdowns were hindering the company in several regions.

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