Apple and Amazon trade in the red after reporting their financial results, dragging down Wall Street.

Both technology companies posted declines at the opening of Wall Street. The former fell 6.20% on the stock market after reporting its financial results.

Wall Street indices opened today in the red. Barely an hour before European stock markets closed, the Dow Jones fell 1.33%, the S&P 1.46%, and the Nasdaq 1.87%. The negative reaction of two of the seven major technology companies on the New York Stock Exchange is taking its toll on the markets. This performance contrasts with the positive results left yesterday by Microsoft and Meta 's results.

Amazon shares fell more than 3% in early after-hours trading after the company reported its second-quarter results. While revenue and earnings beat analysts' expectations, its operating income outlook for the next quarter failed to convince investors. Its shares are currently down more than 6% on the day.

Although the figures were in line with analysts' forecasts, the market has penalized the company's short-term expectations.

Beyond the results, there are many questions surrounding Amazon, due to how it will withstand the Trump administration's aggressive tariff pressure on some of its main markets and supplier countries, such as India and China.

In May, Amazon announced it would incur about $900 million in additional tariff costs in the June quarter, but couldn't predict anything beyond that.

Meanwhile, Apple, another company that has reported results, is also trading lower, with a slight drop of 0.5%.

The company announced a net profit of $23.434 billion (€20.369 billion) for its third fiscal quarter, which spans the months of April and June. This result represents a 9.2% increase compared to the same period last year.

During this fiscal third quarter, Apple reported net sales of $94.036 billion (€81.737 billion), a 9.6% year-over-year increase. This growth was driven by increased revenue across all regions where the company operates.

Apple CEO Tim Cook has expressed openness to the company accelerating its AI roadmap through acquisitions without limiting itself to companies of a certain size, although he stressed that there is currently "nothing specific" in this regard.

"We're very open to mergers and acquisitions that accelerate our roadmap," Cook responded, noting that Apple has acquired around seven companies this year, not just those focused on AI, but across all fields, which means making an acquisition every few weeks.