Stock Market Slumps as Tech Giants Apple and Microsoft Disappoint
TL;DR
Major indexes, including the Dow Jones Industrial Average and the S&P 500, broke below their 50-day moving averages, while the Nasdaq lagged behind, signaling a potential downturn in the stock market. Apple and Microsoft both fell below their 50-day lines, delaying progress on their respective cup bases. AI stock C3.ai reversed lower ahead of its earnings release, while cybersecurity software company Zscaler and workflow software maker Asana reported quarterly results and saw their stocks fall. AMC Entertainment also crashed after announcing plans to sell up to 40 million shares.
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