Stocks fell on Thursday as investors reacted to disappointing quarterly reports from major tech companies and awaited further results. The S&P 500 and Nasdaq both dropped, with the Dow also sliding. Microsoft and Meta Platforms saw significant declines after their earnings reports fell short of expectations. Big tech earnings this week have been mixed, with some companies exceeding expectations and others disappointing investors. Inflation rose in line with estimates, nearing the Federal Reserve’s target. The market is likely to end the week in the red, with uncertainty surrounding the upcoming U.S. Presidential election adding to volatility.
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