Tech Giants' Earnings Day Brings Volatility to Markets

The S&P 500 and Nasdaq indexes fell on Tuesday, tracking a decline in the technology sector led by Microsoft. The company’s latest quarterly results showed slower-than-expected growth, prompting investors to sell shares. As of Tuesday afternoon, Microsoft’s stock had declined by over 3%. Microsoft’s earnings release comes ahead of Apple’s upcoming report, which is expected to shed more light on the iPhone manufacturer’s revenue and profitability. Investors are closely watching Apple’s results, as it provides a key barometer for the overall health of the tech industry. The Nasdaq Composite, which is heavily weighted towards technology stocks, dropped 1.2% during Tuesday’s trading session. The S&P 500 also fell, down 0.7%, with the Dow Jones Industrial Average posting a smaller loss of 0.3%.