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Stock market today: S&P 500, Nasdaq fall as Microsoft leads tech lower with Apple earnings on deck
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Yahoo Finance - Business finance, stock market, quotes, news
US stocks fell Thursday but pulled back from a steeper tech-driven sell-off, as investors came away from megacap tech earnings fretting about AI spending.
The tech-heavy Nasdaq Composite (^IXIC) led losses, shedding roughly 0.7% as a plunge in Microsoft (MSFT) shares dragged on the index.
Shares gained over 10% thanks to a surprisingly strong quarterly revenue outlook.
Meanwhile, Tesla (TSLA) flipped to a loss, shedding over 3% as the company focused on a strategy shift from EVs to robots and a quarterly earnings beat.
Investors are now gearing up for Apple’s (AAPL) quarterly earnings, due after the closing bell.