Tech Stocks Slump on Disappointing Earnings, Dragging Broad Market Lower

Dow Jones futures edged lower overnight, while S&P 500 futures and Nasdaq futures fell as earnings reactions were poor.

Google parent Alphabet plunged on cloud weakness. Meta stock turned lower on ad warnings. Microsoft rose on results.

The stock market suffered sharp losses Wednesday. The S&P 500 and Nasdaq undercut recent lows as techs tumbled.

Meta earnings rose but revenue growth slowed. ServiceNow topped views but NOW stock reversed lower.

Investors should be very cautious, stay largely in cash. Market uptrend signs still lacking despite potential bad news priced in.