Market Overview - U.S. stocks experienced a decline on Thursday, with the Nasdaq Composite dropping over 350 points, influenced by mixed earnings from major companies and hawkish comments from Fed Chair Jerome Powell [1][4] - The Dow Jones closed lower by approximately 110 points at 47,522.12, while the S&P 500 fell 0.99% to 6,822.34, and the Nasdaq Composite decreased by 1.57% to 23,581.14 [4] Sector Performance - Most sectors within the S&P 500 ended negatively, with consumer discretionary, communication services, and information technology sectors facing the largest losses [4] - In contrast, real estate and financial stocks managed to close higher, defying the overall market trend [4] Company-Specific Developments - Meta Platforms Inc. saw its shares decline by more than 11% following the announcement of significant new AI-related capital expenditures [3] - Microsoft Corp. shares fell nearly 3% despite exceeding analysts' expectations, while Alphabet Inc. experienced a 2.5% increase [3] Economic Indicators - The CNN Money Fear and Greed Index indicated an increase in overall fear, with a current reading of 37.1, down from 40.4, remaining in the "Fear" zone [1][6] - The Federal Reserve lowered interest rates by 25 basis points to a range of 3.75%-4.00% for the second consecutive meeting, with Powell indicating that further cuts are not guaranteed [2] Upcoming Earnings - Investors are anticipating earnings results from Exxon Mobil Corp., Chevron Corp., and Colgate-Palmolive Co. [5]