Tech Stocks Take a Dive as Alphabet’s Earnings Disappoint

Hey there! So, yesterday was a bit of a rough day for the stock market. The S&P 500, Dow Jones, and Nasdaq 100 all closed down. The main reason for the slump was some big technology companies reporting disappointing earnings. One of the biggest losers was Alphabet, the parent company of Google, which saw its stock drop more than 9% after reporting weaker-than-expected cloud profit. Ouch! But it wasn’t all bad news. Waste Management and Microsoft actually had a good day, with their stocks going up after reporting better-than-expected quarterly profits. So, it wasn’t all doom and gloom. On another note, there was some tension in the Middle East that affected crude oil prices. Israel delayed its ground invasion of Gaza, which caused crude prices to rally. And there were some diplomatic efforts to ease the conflict between Israel and Hamas. So, there’s a lot going on in the world right now that’s impacting the markets. Let’s see what happens next!