Stock futures have fallen after Microsoft reported disappointing results, leading to a downward trend on Wall Street as investors await the Federal Reserve’s decision. The tech giant’s performance has had a significant impact on market sentiment, with the Nasdaq sinking and Nvidia dropping 7% ahead of Big Tech earnings. The S&P 500 is now testing a key level as bears bash tech stocks, creating uncertainty in the market.
As Microsoft’s earnings weigh on the market, investors are closely watching the outcome of the Federal Reserve’s decision, with the stock market experiencing a downward trend. The Nasdaq slides as anticipation builds for Big Tech earnings, while the S&P 500 faces a crucial test. Despite some positivity in the Dow, the overall sentiment remains cautious as Microsoft’s results and the Fed’s announcement loom over the market.
MarketWatch reports that the Dow has edged up slightly, but the Nasdaq has fallen 1.3% as investors react to Microsoft’s performance and await the Fed’s decision. The market is experiencing volatility as uncertainty prevails, creating a challenging environment for investors. The upcoming earnings reports from Big Tech companies will be closely watched for further market direction.
