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Rich Asplund

SHOCKING: Stocks settle lower as megacap technology stocks slide - What They Never Told You

Donald Trump Nasdaq SP United States Meta Powell Xi Jinping Alphabet China eBay

The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.99%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.47%.  December E-mini S&P futures (ESZ25) fell -0.95%, and December E-mini Nasdaq futures (NQZ25) fell -1.37%.

US stock indexes retreated on Thursday.  The broader market was under pressure from divergent earnings results from megacap technology companies.  Meta Platforms fell by more than 11% and Microsoft dropped by more than 2% after the companies failed to meet lofty expectations.  However, Alphabet rose more than +2% after beating Q3 earnings estimates.

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