Amazon gave morale to global markets

While the fourth-quarter balance sheet announced by Amazon relieves the occasional concerns about technology stocks, at least for now, US futures indices are rising this morning. Nasdaq 100 index futures, which closed the day with a loss of 4.22 percent with the S&P 500, which fell 2.44 percent on Thursday, are positive today. The daily drop in the technology index Nasdaq on Thursday was the highest since 2020. Asian indices are also gaining in value, led by the Hong Kong Hang Seng index supported by Chinese technology stocks. Japanese Nikkei slightly rises, while Hang Seng diverges positively with climbing. The Chinese Stock Exchange is also closed today due to the Lunar New Year. However, the emergence of the ECB and the Bank of England gradually hawking after the Fed brought sales to bonds. Japan's 5-year bond yield rose to 0% for the first time since 2016. The US 10-year bond yield rose 7 basis points in the last two days to over 1.84 percent. Euro/Dollar is trading at 1.1460 this morning after rising more than 1% yesterday. The Bloomberg Dollar Index dragged its decline for the fifth day and is heading for the longest streak since April 2021. The barrel price of crude oil is above $90, which is exceeded for the first time since 2014.

Amazon has brought back the appetite that Meta destroyed

Amazon.com announced on Thursday that fourth-quarter sales revenue rose 9.4 percent to $137.4 billion. The company's sales revenue reached $469.8 billion in 2021, an increase of 22%. Earnings per share were $27.75. The increase in profit was driven by the pre-tax return on the company's investment in Rivian Automotive Incorporation, which went public in November. Analysts had expected revenue of $137.8 billion and earnings per share of $3.77. The e-commerce giant's profits also exceeded expectations with the help of its cloud computing division, with investors positively raising the price of the company's Prime subscription service to $139, up to $20 for the first time since 2018.

Shares rose as much as 19 percent in the futures

Thus, Amazon announced a strong balance sheet such as Apple Incorporation, Microsoft Corporation, and Alphabet Incorporation this week, when technology balance sheets were very intense. But Meta shares, which announced a drop in subscriber numbers on the Facebook app, dropped an unprecedented 26 percent on Thursday, wiping $251.3 billion from the company's market capitalization. It was the largest one-day drop in the stock value of any US company.