"Tech Stocks Lead Market Lower Amid Earnings and Rate Cut Concerns"

US stocks fell as tech stocks led the losses amid mixed corporate earnings and concerns over interest rate hikes. The S&P 500 and Dow Jones dropped, while the Nasdaq Composite fell the most. ASML's earnings miss caused a sell-off in the chip sector, with Nvidia and AMD also declining. Mortgage demand increased despite rising rates, and investors are increasingly expecting no landing for the US economy. United Airlines stock soared after reporting better-than-expected quarterly results, while Netflix's upcoming earnings are being closely watched. Investors are closely scrutinizing earnings this quarter, with companies that miss estimates experiencing significant stock declines.