Nasdaq, S&P 500 Monthly Losses
This is a news story, published by Yahoo Finance, that relates primarily to Microsoft news.
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Tech earningsYahoo Finance
•Stock market today: Nasdaq leads sell-off after Microsoft, Meta earnings prompt Big Tech slide
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The tech-heavy Nasdaq Composite (^IXIC) sank 2.7% , while the S&P 500 (^GSPC) fell nearly 1.9% , as both indexes ended the month slightly in the red.
The Dow Jones Industrial Average (^DJI) also notched a monthly loss after dropping 0.9% on Thursday .
Meta ( META ) and Microsoft ( MSFT ) earnings sparked worries about rising AI costs, with those stocks losing more than 6% and 4.5% .
October jobs report expected to show slowing growth amid hurricane aftermath, Boeing strike.
Mortgage rates rise for fifth straight week amid pre-election volatility.
Big Tech stocks led the overall market declines on Thursday .
Microsoft ( MSFT ) and Meta ( META ) both talked about ramping up spending on artificial intelligence, which appeared to weigh on sentiment.
Comcast considers spinning off cable networks 'to play some offense' amid industry turmoil.
Microsoft and Meta fall as spooked investors weigh hefty AI bills.
Starbucks shares indicate a slightly higher open today despite more details about the dreadful quarter the company preannounced last week .
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