Earnings Report

A steep sell-off in Facebook is leading a slide in technology stocks that weighed on U.S. indexes in early trading Thursday.

Utility giant Pacific Gas & Electric on Thursday reported a nearly $1 billion loss for the second quarter of 2018 due to clean-up, repair and legal costs related to wildfires that raged across Northern California last fall.

Facebook's user base and revenue grew more slowly than expected in the second quarter as the company grappled with privacy issues, sending its stock tumbling after hours.

Amazon's quarterly profit soared past $2 billion for the first time, as revenue from online shopping and its cloud computing business grew.

Chipotle is reporting that a key sales figure rose above market expectations in the second quarter, helped by higher menu prices that offset a drop in the number of diners visiting.

The Seattle-based company, the world’s biggest coffee retailer, reported that same-store sales rose 1 percent globally.

Starbucks says a key sales figure grew only modestly in the U.S. during the second quarter.

Stocks that moved substantially or traded heavily Thursday: Facebook Inc., down $41.24 to $176.26

The e-commerce giant reported its third straight quarter of profits exceeding $1 billion.

Amazon.com Inc. reported second-quarter profit Thursday of $2.53 billion.

Investors will find out if higher oil prices are benefiting Exxon.

McDonald's, trying to win back millions of customers through menu and store changes, is putting up some very strong profit numbers for the second quarter.

The latest on developments in financial markets (all times local): 9:35 a.m.

Airlines are bowing to the staying power of higher fuel prices by culling unprofitable flights while trying to boost revenue by being nicer to customers.

Spotify said it expected a further slight rise to between 85 million and 88 million premium subscribers in the current quarter.

American Airlines is reporting that profits during the second quarter plunged more than 30 percent due in part to rising fuel costs, but it still topped expectations.

Net income rose to about $1.50 billion, or $1.90 per share.

The No. 1 U.S. carrier by passenger traffic reported net income of $566 million.

Under Armour Inc. (UAA) on Thursday reported a loss of $95.5 million in its second quarter.