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Daily Newsletter: Amazon Stock Tanks on Quarterly Revenue Miss

Top News Today 1. Stock Futures Fell, While Investors Turned To A Key Inflation Report For Cues On The Pace Of A Domestic Economic Recovery. 2. Personal Spending (MoM) For Jun 1.0% Vs 0.7% Est***Personal Income (MoM) For Jun 0.1% Vs (0.3)% Est 3. Amazon Shares Are Trading Lower After Reporting Worse-Than-Expected Q2 Sales Results

Daily Newsletter: Jobless Claims Declined Last Week, Near Pandemic Low As Economy Recovers

Top News Today 1. Stock Futures Rose As Comments From The Fed Reserve That The U.S. Economic Recovery Was On Track Lifted Economically Sensitive Stocks. 2. Jobless Claims -24K To 400K In Jul-24 Wk; Survey 380K***Continuing Claims Jul-17 Week +7K to 3,269,000 3. Facebook’s Slowdown Warning Hangs Over Strong Ad Sales, While Zuckerberg Talks ‘Metaverse’