The S&P 500 and Nasdaq Composite declined on Wednesday, primarily driven by mixed earnings from tech giants Alphabet and AMD.
Alphabet’s shares fell 7% after it reported lower cloud revenue and overall earnings, raising concerns about its investment in artificial intelligence.
Meanwhile, AMD faced challenges in the semiconductor market, which contributed to its stock drop.
Apple’s slight decline added to the pressure on the major indexes, reflecting investor caution in the tech sector as economic uncertainties persist.
Source (CNBC)
