Stock market today: S&P 500, Nasdaq fall as Microsoft leads tech lower with Apple earnings on deck

Group 1: Market Overview - US stocks experienced a decline, with the Nasdaq Composite leading losses, down approximately 0.7% due to a significant drop in Microsoft shares [1] - The S&P 500 decreased by 0.2%, while the Dow Jones Industrial Average managed to turn slightly positive [1] Group 2: Company-Specific Developments - Microsoft shares fell over 10% following its earnings report, which revealed higher-than-expected capital spending and a slowdown in quarterly cloud sales growth [2] - Meta's shares rose over 10% due to a surprisingly strong quarterly revenue outlook, with plans to invest up to $135 billion in data center expansion this year to enhance its AI capabilities [2] - Tesla's stock dropped over 3% as the company shifted its focus from electric vehicles to robotics, despite reporting a quarterly earnings beat; however, it also recorded its first-ever decline in annual revenue [3] Group 3: Economic and Geopolitical Context - The tech sector's movements coincided with rising tensions between the US and Iran, following President Trump's warning regarding nuclear negotiations, which contributed to an increase in crude oil prices [4] - Wall Street is also reacting to the Federal Reserve's decision to maintain unchanged interest rates, with expectations of two quarter-point rate cuts by year-end, although these may not occur before the end of Jerome Powell's tenure [5]