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Barchart
Rich Asplund

Stocks Pressured by Mixed Big Tech Earnings

Dow THe DE MA Nasdaq SP United States Dow Jones Industrials Donald Trump Dow Inc

The S&P 500 Index ($SPX) (SPY) today is down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.80%.  March E-mini S&P futures (ESH26) are down -0.39%, and March E-mini Nasdaq futures (NQH26) are down -0.88%.

Stock indexes are under pressure today on some mixed megacap technology earnings results.  Meta Platforms is up more than +7% after giving a revenue outlook that was much stronger than expected.  Also, International Business Machines is up more than +7% after reporting Q4 results that beat expectations.  However, Microsoft is sinking more than -10% after reporting underwhelming growth in its cloud business and higher-than-expected expenses.   

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