US equities faced renewed pressure on Thursday as megacap technology earnings and the Federal Reserve’s (Fed) tepid showing this week weighed on sentiment. Microsoft was the primary drag, tumbling 11% after reporting slower cloud growth and issuing weaker operating margin guidance, marking its worst day since early 2020. There were notable bright spots on Thursday: Meta (META) shares surged after the company delivered strong earnings. Meta posted 24% revenue growth driven by advertising and issued an upbeat sales forecast. "Doctor Copper" signals everything's okayOutside equities, copper prices reached an all-time high, tangentially reaffirming expectations for resilient global economic activity.