Companies Claim Obamacare Hurt Q1 Profits; Amazon Expands Sunday Delivery
Stocks end the day mixed yet again, with the Dow Jones ending the day barely up and Nasdaq and the S&P 500 ending the day slightly down. First companies were blaming the harsh winter weather for negatively impacting their profits, now it is Obamacare. Over 30 companies in the S&P 500, out of the 446 companies that have reported their earnings so far, have mentioned the Affordable Care Act when discussing their first quarter earning statements. In hopes to increase revenue and customer satisfaction Amazon (AMZN) has announced that they will expand Sunday delivery to 15 more cities.Amazon Prime customers who order an eligible item as late as Friday can receive their package on Sunday, delivered by the USPS.
Word on the Street
- Companies complain that Obamacare is hurting their profits.
- Does Comcast (CMCSA) currently have competition?
- Housing market recovery lagging behind expectations.
- Who will Target (TGT) name as its new CEO?
- Snapchat settles privacy claims with the FTC.
- 15 more cities added to Amazon's (AMZN) Sunday delivery.
- Tesla (TSLA) stock pummeled after earnings.
Published on May 8, 2014By InvestorGuide Staff