LONDON (AP) — Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses.

Shares in Amazon slid 11 percent after the company posted a loss that was much larger than expected because of the cost of trying to enter the smartphone market. Meanwhile, Visa, which is watched as a barometer for consumer spending, lowered its profit outlook due to concerns about overseas growth.

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