Reported 26 days ago
The Dow Jones fell over 250 points and the Nasdaq dropped 420 points due to disappointing earnings reports from tech giants Microsoft and Meta, as both companies struggle to meet rising AI demands. Meta's stock fell around 3% while Microsoft's decreased more than 5%. The day saw additional declines in crypto-related stocks and despite positive news on unemployment claims and cooling inflation, investor focus shifts to upcoming earnings reports from Apple and Amazon.
Source: YAHOO