"Tech Earnings and Fed Decision Drive Stock Market Lower: Live Updates"

The Nasdaq Composite led afternoon losses as investors awaited earnings reports from tech giants like Microsoft and Alphabet, with the S&P 500 trading flat and the Dow Jones inching up. General Motors reported strong results, while Pfizer's stock fell after missing revenue expectations. Higher bond yields may not spell trouble for stocks this year, and consumer confidence hit its highest level since December 2021. JetBlue and Spirit Airlines are seeking an expedited appeal of a blocked merger, and "Suits" success highlights the resurgence of licensed content in the streaming industry.