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APR 25, 2014 - San Francisco Chronicle

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Stocks fall in morning trading; Amazon sinks

NEW YORK (AP) — Stocks headed lower in Friday morning trading, dragged down by disappointing results out of retail giant Amazon and Ford. Amazon reported late Thursday an increase in first-quarter profit, but the company also said that spending on investments will likely lead to an operating loss in the second quarter. Investors have had little patience for companies missing their forecasts this quarter, said Scott Clemons, chief investment strategist at Brown Brothers Harriman. "The market is in a precarious position at the moment, and overacts to bad news far more than it did last ... Read More

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