Stock Market Today: Earnings Season Hits Fever Pitch As Results from Amazon and Apple Roll In

Market Overview - U.S. markets opened with declines: Nasdaq down 0.83%, S&P 500 down 0.56%, Dow down 0.26%, and Russell 2000 down 0.53% [2] Earnings Reports - Alphabet reported its first $100 billion revenue quarter, indicating strong performance [5] - Microsoft’s earnings met expectations but showed signs of slowdown in its Azure cloud business, raising concerns [5] - Meta faced significant challenges, taking a nearly $16 billion one-time charge, which negatively impacted its stock [5] Federal Reserve Commentary - Fed Chair Jerome Powell announced a quarter point interest rate cut but indicated that a further cut in December is not guaranteed, which unsettled investors [4] - The mixed reactions to earnings reports and Fed statements contributed to a decline in equities [4][6] Upcoming Earnings - Thursday is expected to be a busy day with 386 companies scheduled to report earnings, including Eli Lilly, Mastercard, and Shell [7] Economic Events - Limited economic data and events are scheduled for today, with speeches from Fed Governors Michelle Bowman and Lorie Logan [8]