Posted 10/25/2023, 11:12:15 AM
Stocks Mixed as Tech Slides on Earnings, Yields; Microsoft Jumps, Alphabet Sinks
- Stocks slip as investors digest mixed Microsoft, Alphabet earnings. Nasdaq drops over 1% while Dow gains.
- Alphabet shares slide 8% on cloud weakness; Microsoft jumps 4% on AI strength.
- Tech stocks under pressure from rising yields. Amazon, Meta lose ground ahead of earnings.
- Deutsche Bank stock surges 7% after profit beat.
- Futures mixed after Alphabet cloud disappointment. Nasdaq and S&P to open lower while Dow set to edge up.