"Tech Giants Tumble: Nasdaq Sinks, Fed Meeting Looms"
TL;DR
The Nasdaq fell over 1% as early tech earnings disappointed investors, while the Federal Reserve held interest rates steady and removed language reflecting a bias toward tightening rates. The poor start from tech giants like Microsoft and Alphabet could unnerve Wall Street, but attention now turns to Apple, Amazon, and Meta's earnings. Additionally, Paramount Global's shares surged after media mogul Byron Allen made a $14.3 billion bid to buy all outstanding shares, and the US economy added 107,000 private payroll jobs in January, below estimates.
Topics:businessfinance-economy#federal-reserve#finance-economy#interest-rates#paramount-global#stock-market#tech-earnings
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