US stocks fell Friday, as each of the three major indexes capped off losing months. The tech-heavy Nasdaq closed out its worst-performing month since 2008, shedding more than 3% for the day as investors fled the e-commerce giant after downbeat earnings according to Markets Insider.
“Some investors may be hoping for May flowers after these April showers, but historical tendencies suggest bulls should remain vigilant — down Aprils tend to be followed by down Mays,” Chris Larkin, Managing Director of Trading at E*Trade said. “And on top of that, May’s average return is even worse when the SPX is red for the year heading into the month.”
Jeff Bezos saw $20.5 billion of his fortune melt away after Amazon.com Inc.’s results left investors disappointed, helping fuel the worst month for technology stocks in years. Shares of the e-commerce company were down 14% on Friday after it reported a quarterly loss and the slowest sales growth since 2001. Bezos’s net worth fell to $148.4 billion, according to the Bloomberg Billionaires Index, from a peak this year of more than $210 billion.
Matthew 13:12
New King James Version
12 For whoever has, to him more will be given, and he will have abundance; but whoever does not have, even what he has will be taken away from him.
The Tribulation is commencing…
Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.
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