Market Today: Fed Holds Rates, Tech Earnings Volatile, Dow Drops 1,100

Macroeconomic Policy and Market Trends - US Federal Reserve maintained unchanged interest rates due to persistent inflation pressures [1] - Dow Jones Industrial Average plummeted over 1,100 points alongside steep declines in S&P 500 and Nasdaq driven by rising Treasury yields [2][3] - United States personal bankruptcy rates exhibited an upward trend amid high inflation and elevated interest rates [8] Corporate Financial Performance - Meta Platforms shares dropped nearly 10% following second quarter earnings misses and disappointing revenue outlooks [3] - Microsoft reported fourth quarter revenue of $90 billion driven by cloud computing and artificial intelligence growth [4] - Starbucks posted better-than-expected third-quarter sales and raised full-year guidance [4] - Ford Motor Company lifted its 2026 outlook following stronger-than-expected earnings [4] - Micron Technology stock surged 637% over the past year amid a memory chip super cycle [5] - Carvana shares fell 15% after 2026 earnings guidance missed Wall Street expectations [5] Industry Developments and Investments - Energy sector and private investors announced multi-billion dollar investments in Kentucky, including $100 billion for the Paducah gaseous diffusion plant site redevelopment [6] - Meta, Google, and BlackRock invested $265 million in apprenticeship programs for artificial intelligence data center electricians and carpenters [7]